COT net commercial shorts down to 130,709; gold explodes to upside

Dramatic gold move today (+$62) presaged by usually reliable COT indicator: comm'l net short recent low of 130,000 (i.e. the major producers dampened their selling as gold drifted into 1500s.  Look for higher prices to follow):

1621.70	48.70	6/1/12	130,709
1573.00	-17.20	5/25/12	135,598
1590.20	10.00	5/18/12	138,917
1580.20	-64.50	5/11/12	151,455
1644.70	-19.10	5/4/12	178,003
1663.80	21.00	4/27/12	167,237
1642.80	-14.40	4/20/12	176,091
1657.20	25.20	4/13/12	171,049
1632.00	-37.20	4/6/12	177,464
1669.20	5.50	3/30/12	185,076
1663.70	4.30	3/23/12	166,138
1659.40	-52.90	3/16/12	191,688
1712.30	-0.20	3/9/12	200,208
1712.50	-58.90	3/2/12	245,351
1771.40	48.30	2/24/12	229,302
1723.10	4.20	2/17/12	209,408
1718.90	-6.50	2/10/12	221,072
1725.40	-12.10	2/3/12	209,862
1737.50	70.90	1/27/12	179,768
1666.60	29.40	1/20/12	172,976
1637.20	20.60	1/13/12	166,574
1616.60	51.60	1/6/12	161,843