if lots of shorts closed, if gold falls there will be a vacuum flush to the downside,as there are no shorts to cover or provide liquidity, shorts have been falling as a PC of turnover for a few weeks compared to the 35 and 40pc of daily trade reports a few weeks ago) so I think too many people on the bullish side......its a risk, agree either way,,IM the sole survivor on the short side :))))(but of course I recongnise I could get killed, or clean up, its only money :)
Interesting Technical points of view, thanks for posting your charts, lets see what happens after window dressing around the world is over....
sure is exciting!
NCM Price at posting:
$40.26 Sentiment: ST Sell Disclosure: Held
