Some interesting figures below since the end of the month - investors accumulated GDX, GDXJ, GLD while speculators bailed out of futures positions en masse. GLD did drop 16.6T on Friday to confuse the issue, however GLD was up +18T over the corresponding period of the massive COT dump of long positions. All set for a POG rebound with the COT overhang now gone?
GDX: +5.5% all holdings GDXJ: +0.5% all holding GLD: +5.61T to 953T COT: -124,632 (-48%) net positions to 137,260
BDR Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
