Article, page-17

Hi Roka
You say Gold has finished correcting and is now in the advancing phase yet looking at the COT report it looks to me as the longs are fully invested and the shorts have a lot of fire power to push gold lower. Take a look at a snapshot of today's COT report compared to on in april. 177281 in april compared to 340610 today for the longs and 121565 in april compared to 69026 for the shorts.

I agree that gold has had a good three month correction and looks like it now has support to go higher but it seems contrary to the commitment of traders.

Do you also have any idea why http://news.goldseek.com/COT/ isn't up to date anymore, it used to be so helpful.


Cheers 5riven