Today's Commitment of Traders Report (Kaplan)
<< As of March 23, 1999, released at 3:30 p.m. on March 26, 1999, the commitments for COMEX gold futures show commercial insiders long 118,186, short 62,293; speculators long 7,997, short 62,020. This represents an enormous bullish tilt over the past two weeks. The average historic ratio for commercials is 2:3 long to short; for speculators, 2:1 long to short. During gold's recent drop, commercials have gone heavily net long once again, which has set the stage for a sharp rebound in the price of the yellow metal. This indicator has risen sharply to STRONGLY BULLISH. >>
goldminingoutlook.com
And that was as of the 23rd! ... So much for the doom and gloom crowd.
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