The commercial net short position in gold now sits at 23.75 million troy ounces, down from the 24.57 million troy ounces they were short in Monday's COT Report.
The short position of the Big 8 traders is 22.62 million troy ounces...
Where the Federal Reserve gets its money is perhaps one of the most misunderstood of all financial topics. It's also vital - because if the Fed is to finance the national debt, it needs to have sources..
The resulting acceleration and amplification of gold’s breakout rally will start enticing investors to return, fueling a major upleg. Fed tightening shouldn’t matter, as Fed officials talk tough but rarely..
To my eye gold is the most bullish looking market on the chart above. A nice, long-term Cup and Handle with the Handle still in construction. But if history is a guide, gold would remain under pressure..