RE:hey goldguy goodday
Count me among those who don't think that Comex management cares whether gold goes up or down.
What the managers want is an orderly market and these limits may help to create an orderly market.
The exchange makes money off of transaction fees and not by speculating on the direction of any commodities.
Disorderly markets discourage trading and affect their profits.
Jay Taylor is in the manipulation and conspiracy crowd and I think that they use their notions of manipulation to cover for their poor market forecasts.
While am currently aggressively long gold miners and Comex gold, I don't expect any sudden leap up in the POG.
I think the likelihood is that gold is basing in the current price zone and should work higher in a zig-zag manner for some months.
A big blow-off move (if it comes) is probably at least 2 or 3 years away.
goldguy