Saturday, December 12, 2009

Gold just in a quick 6 week correction ...?

COT report on GOLD:


Large Spec's start to take some profits but far from agressive Liquidation. This feels and looks like a short term correction which most likely has further to go, meaning we need to get rid of those extremes before we can continue....


Gold Flow Update:


Still a healthy correction that has a deeper Price than Flow move which hints at limited liquidation. We need to take out a much deeper FLOW LOW in order to interpret the current correction as a new BEAR in Gold. Time will tell.

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