yes gold has been very nice esp the stocks, today was a great
move, however regarding the commercials that's not how it works
there, they will continue adding shorts until it puts in some sort
of high, then they will decrease them as price comes down.
commercials are not like individuals shorting stocks that get
squeezed
in the bull market the commercial net short generally got to the
250 - 300K level, currently it's at 207. on the 2012 lower
high peak they hit 250 and 262K. You can't read anything into
the numbers at this point. Follow price action and the charts,
other than that I suspect the net short will increase this week
along with the price of gold. I talked about the bull flag look on
gold on the weekend and I thought gold stocks would follow through
on Friday's gains and we saw that today nicely
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Gold breakout!!!! Very bullish IMO
Posted by torvix on 11th of Apr 2016 at 04:13 pm
as commercial short COT's means they are getting very squeezed.
Commercials don't get squeezed. Non-commercials
Posted by a_l_ on 11th of Apr 2016 at 05:10 pm
Commercials don't get squeezed. Non-commercials do & they are net long.
yes gold has been very
Posted by matt on 11th of Apr 2016 at 04:17 pm
yes gold has been very nice esp the stocks, today was a great move, however regarding the commercials that's not how it works there, they will continue adding shorts until it puts in some sort of high, then they will decrease them as price comes down. commercials are not like individuals shorting stocks that get squeezed
the COT short numbers look
Posted by wowten on 11th of Apr 2016 at 05:10 pm
the COT short numbers look like the tops on the way up to $1900.
Is this indicative of a new bull in gold?
in the bull market the
Posted by matt on 11th of Apr 2016 at 05:46 pm
in the bull market the commercial net short generally got to the 250 - 300K level, currently it's at 207. on the 2012 lower high peak they hit 250 and 262K. You can't read anything into the numbers at this point. Follow price action and the charts, other than that I suspect the net short will increase this week along with the price of gold. I talked about the bull flag look on gold on the weekend and I thought gold stocks would follow through on Friday's gains and we saw that today nicely