If you look at the COT Report it showns continued liquidation in both the Gold and Silver markets - no doubt partially due to MF Global ( trading volume in Silver almost halved last month - because of MF Global stealing customer funds ) but then look at the US Dollar COT and you will see that speculators added significantly to their long dollar positions while commercial traders ( who tend to know what they are doing ) went short. This suggests that if over the weekend Europe starts to get its act together we could see a very weak dollar next week. http://news.goldseek.com/COT/1322858148.php
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesJune 2012 Categories |
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