Well what do you know? The commitments of traders took a favorable turn earlier in the week with commercials doing some decent short covering and large speculators selling. Open interest is back on the decline as well.One wonders if just maybe the numbers have improved still more since the last official release of the data on Tuesday.
We got fear and loathing, a declining gold price and herds on the run. Not a bad enviro to cover into is it? Remember the calm of the monthly chart? All in the cards as the players assume their roles.
Have a good weekend.
