commercial net short position is at the history high, At the previous history, it usually means a quick short term dip. Commercial net short position = 706 tonne.
-ra95.98(Doom);
2007-10-15(#7374@43)
But imagine what if it goes back up (if there is any dip), what an explosive run it will be.
-jeffl(I have a dream);
2007-10-15(#7375@43)
Commercial traders are professionals.
-ra95.98(Doom);
2007-10-15(#7376@43)
commercial net short positions are only for futures. It doesn't mean commecial traders are net short gold since they often short futures to cover the long positions on physical gold and stocks.Commercial net short position at the history high is just a warning, not a trading signal.
-jeffl(I have a dream);
2007-10-15{90}(#7392@43)