So POG has risen from the open. If more people over each weekend decide to get some exposure to gold, that would see demand at the start of the week rise imho. Im looking to see if COMEX longs increase this month and whether POG starts to rise even if COMEX long interest falls. If COMEX has supplies issues for physical delivery then the number of contracts available for longs should fall. If the shorts have physical covered then i would expect them to sell more and continue the manipulation of price for pips which would keep gold in a range. That in turn, would wash out a few speculators and take demand pressure off the short side. It will be interesting over next few months as many are holding their breath on US elections, CV19 vaccine/cure, FED backstop, and the inevitable Bounce back to normal. I could as Morbo what he thinks but in essence I think he means things are not yet back to normal. Oh i saw an interesting Doco over the weekend. The Social Dilemma And by interesting i mean terrifying
