A Wake-Up Call in Gold

Yesterday’s gold tout identified some key technical levels to monitor for early signs of the next big move. I raised the question of why gold’s nearly relentless slide stopped just short of a key downside target. A possible answer, supplied by an astute subscriber, may lie in COT data that show commercial traders to have dramatically reduced their short positions recently. This development may or may not turn gold around, but it deserves our close attention nonetheless. For more on this, check out today’s tout for Comex Gold.