Author: admin

COT UPDATE

Fri, 17 Aug 2018

  The COT improved even more. Commercial combined positions (futures/options) are now net long. Comparatively, as a whole, these numbers are more bullish than they were in November/December 2015. But as we are learning, that doesn’t guarantee a bottom. Nevertheless, the COT numbers are excellent, and at some point, will lead to higher gold prices. […]

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POTENTIAL LATE-DAY RALLY 3:00 PM

Fri, 17 Aug 2018

  The dollar is extending its losses and gold is attempting another short-term breakout. Prices are at critical near-term resistance (5-minute chart). It would be encouraging to see gold (currently $1187.50) push through and hold the $1190 level into the 4:00 PM close.

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