...is a a beautiful case study of the structural shift in the perception of Prec. Metals and furthermore of a "normal" correction of excessive long and short positions.
Gold:
We have a similar extreme position here like in Silver with the difference that the Commercials have restarted the shorting. This situation is not sustainable!! Only one sode can win where the commercial bet on much lower prices and the large Spec's on the opposite. My bias goes with the Commercials because the large Investment banks are also classified in this category and tend to have an edge.....
DOLLAR
The upturn is now also visible in the COT report!
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