gold comment with open interest plunging (if you can call it a plunge) by nearly 5,000 contracts to 216,608 from 221,978
and
the price of gold droped by about US$10/oz then if the trend continues, gold could be a lot lower, perhaps in the US$320-330 region before some sort of equilibrium is established.
AT ABOUT US$350/oz GOLD REST ON SOME MIGHTY SUPPORT.
Arhidas
Neither short or long gold or gold equities
