Monday, June 3, 2013

Commercials continue refraining from shorting gold

DATE                  vs
Comm_Positions_Short_All minus Comm_Positions_Long_All



5/31/13                   59,221
5/24/13                   84,122
5/17/13                   84,146
5/10/13                   87,719
5/3/13                   95,563
4/26/13                 104,388
4/19/13                 141,929
4/12/13                 143,802
4/5/13                 142,522
3/29/13                 158,473
3/22/13                 162,364
3/15/13                 142,121
3/8/13                 133,798
3/1/13                 137,620
2/22/13                 132,082
2/15/13                 160,653
2/8/13                 174,607
2/1/13                 167,097
1/25/13                 195,950
1/18/13                 185,113
1/11/13                 178,472
1/4/13                 188,659

Commercials are the least short now that we have seen in recent times.  Many say this is setting up a powerful rally.  There are reports in the media of moguls getting long millions of calls on mining shares.   Others say gold is heading to $1000.  How will this resolve?