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Strategies & Market Trends : The Ego Forum

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From: ames

2/23/2013 2:56:29 PM

3 Recommendations of 12175

<<Let us now head over to the gold COT:

(Chart)

This is an explosive report.

Our large specs:

Those large specs that have been long in gold added 1929 contracts to their long side
Those large specs that have been short in gold added a monstrous 25,113 contracts to their short side.

Our commercials:

Those commercials that have been long in gold added 4327 contracts to their long side
Those commercials that have been short in gold covered a monstrous 24,244 contracts and the supplier of that paper was the large specs.

Our small specs:

Those small specs that have been long in gold added a tiny 415 contracts to their long side
Those small specs that have been short in gold added another 4972 contracts to their short side.

Conclusion: hugely bullish for two reasons:

1: the commercials went net long by a wide margin of 28,571 contracts. This must be a record..

2. the large specs went hugely net short and they will be annihilated.

Gold will rise next week.>> (harveyorgan.com)

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