...IMO, Brexit & return to true sovereignty is best for the...

...IMO, Brexit & return to true sovereignty is best for the Poms, their mass bureaucratic redundancies, ideally, result in a reverse migration to re-populate the Middle East. Really 'tho, neither here nor there for me.  IMO, apart from minor speculation, nor for gold. ...Paper vs physical is the 'Thrilla in Manila' currently. COT First Notice next Tues so Fri & Mon trading may well be Comex game setters... Ho Hum...

The commercial traders have been exceptional at calling the gold market's important turning points. Tues 21 setup below & Middle pane 'Momentum' triggered a buy as of last night. The speculative total position is near record size with the total commercial trader position just over half its record. This indicates a pretty precarious position for the speculative traders ahead of Thursday's "Brexit" referendum. There really aren't any speculators left to buy the market and considering that commercial traders are only mid-level on their total position, we see miners as being more than willing to squash any post-Brexit pop.