Replies to post #146612 on Zeev's Turnips Patch-No Politics (ZEEV)

[oeo2oo]

A different way to look at the COT for gold.

This chart is from the World Gold Council's Daily Gold Commentary:



Seems obvious to me that any increase in the speculative long position is bullish for gold, bwdik?

[mlsoft]

Dan...

I think your thoughts are correct -- the battle has not been decided and neither side seems to have an advantage at the moment (although my gut tells me the bulls will win soon.) I especially agree with your assessment of the small investors who have not jumped into the fray - one of the reasons I suspect this one may go to the bulls.

Thanks.

mlsoft