Current and future affairsJune 30, today is/was the last day for June futures gold contracts. Tomorrow we will see
COT Gold Futures Report, July 1, 2016; it will be interesting to see Commercials `Short’ positions numbers - In the event the `talking heads’ make a big to do about CFTC forecasting a decline in gold, due to large `short positions’ (if there are, in fact, large `short positions’) before reacting to possible said claims in a negative manner, I suggest readers check out story below.
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CFTC COT (Commitment of Traders) Report Forecast a Gold Decline? “In recent past, I have cited the CFTC COT (Commitment of Traders) report’s record open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my claim held water.
In fact, there is no recent evidence that such extremes in commercial shorts and large spec longs are negative factors on subsequent price action.”
https://news.goldseek.com/GoldSeek/1467302400.php +++++++++++++++++++++++++++++++++++++++++++++++++++
Today (June 30) also marks the end of Q2; this investor (robey743) is patiently anticipating positive progress reports from the Companies he has financially supported.
Tomorrow, (or next week) may bring us a preliminary Teranga Q2 Report – May all investors, (in/for TGZ growth) be blessed with a report that is everything and more than expected.