twiddle winkstwiddling my thumbs until friday when the comex cot report indicates the status of the comex commercial short position....
I assume they will have eliminated a few million ozs from the 28 million ozs they were short as of the last cot report. That would not be a big deal, as the bullion bank's short positions would still be underwater by billions and billions of dollars...
On the other hand, if they have increased their short positions then the gold bugs will know they have a problem... Friday's cot report will give us a definitive snapshot of what is happening in the gold market in any event...
PS .. Fridays cot report will encompass the two big gold price smashdowns that occurred in the last week .....because tuesdays are the cut off date for the reports that are released every friday...