......................The New COT Data Is Very Bearish

The new COT (Commitments Of Traders) data is clearly very bearish, with the non contrarian gold Commercial Traders aggressively short selling (added 16,871 short futures and options contracts and added a modest 637 long futures and options contracts ), and, the contrarian Speculators traded aggressively net long, by adding 9,071 long futures and options contracts and covering 2,828 short futures and options contracts. See http://www.cftc.gov/dea/options/deacmxsof.htm. ....... http://www.JoeFRocks.com/

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