dan,
gold cots recently have been showing big reductions in long positions. but i'm still watching ... as i said in jan, i'm thinking that late summer might be a next opportunity, since - if i remember right - that time is seasonally weak for gold (because of indian buying?) but it all really depends on macro conditions.
on the other hand, since a number of ipos are being planned now (like google) for midsummer, my conspiratorial mind says that da boyz are expecting some positive market action around then ...
Market Data 
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