Replies to post #21506 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[basserdan]

Hang in there, fellow gold bulls.... 17K more bit the dust!

If it's reasonably accurate to postulate that "the trend is your friend", then the rapidly declining number of the COMEX Gold commercial trader's net short position, which is indicative of very heavy short covering should put 'us' very near to the bottom of this COMEX Exchange aided break (margin increases during a price declines) in the PoG and PoS....





If interested, see last weeks post for more info:
#msg-58830756