COT report is out and its a thing of beauty.
It reveals a widening fracture between the commercials with 21,000 plus long contracts added into a rising gold price.Go you good thing.
A net 17,000 plus short contracts were added but unless we get a credit event I'm not sure it will make any difference what these clowns do any more.
Regarding credit, it was negative last night and depending on the damage inflicted by the latest hurricane barreling down on Florida,it may well continue to deteriorate as the damage created will no doubt infect the banking/insurance industry.
Good to see the heat coming out of the gold sector as it continues to stair step higher.
We edge closer to our moment.
Ann: Appendix 3Y JOHN WELBORN, page-10
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