GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 14, 2017 9:31pm
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Post# 26123464
Fwiw......
Fwiw......The cot report was released today for the reporting period ending april 11/2017. The speculators increased their longs and decreased their shorts. The commercials increased their long and (substantially) increased their shorts. Here's the cot report -- just scroll down for gold.
https://www.cftc.gov/dea/options/deacmxsof.htm
If I'm right and the NK leader "folds" (i.e. won't do a nuclear test) then I speculate the usd and dow will rally next week. And the hui and xau will head south and close last tuesday's up gap. The gdxj jr. golds may initially be weaker but will recover nicely through the week. If I'm wrong, and NK initiates a perceived provocative act then expect the opposite. So we'll see what happens. Jmvho.
goldopp