GOLD 0.51% $1,391.7 gold futures

Why gold is going a lot higher ... portfolio manager, page-491

  1. 10,679 Posts.
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    COT report is getting interesting.
    A net change of two and a half thousand contracts have been covered by the commercials and as Tuesday is the cut off day and gold rising after Tuesday would mean more shorts to be implemented if the gold price is higher next Tuesday.
    Monday certainly looks to be higher at this point.
    Gold is showing some serious strength in these crazy times.
    An unscheduled Fed meeting on Monday can only add to the many raw nerves out there.
 
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