shorts

Morning,

This could well be very relevant to fml. I pinched this from the gold forum in case any of you don't read that forum.

Thanks to rowingboat for his post.

I am only assuming his data is correct - someone assist if that isn't the case please.

rowingboat's post 20186

"the overnight COT report shows commercials (smart money) covered a whopping 45,000 short contracts in a single week in the sell off below $1700...

my data says that's the most short covering since mid August 2008... when gold fell below $800."

Well - for our info. below is a graph of that point on the gold chart.

Now if history did in fact repeat - this will be very very relevant to fml. Just be a little prepared for a bit of wash before hand.

Have a great weekend all. Pinto