Thursday, February 17, 2011

Flush The Weak Hands

Negative Media Coverage (Endless) + Gold Quoted on Paper Markers (COMEX) = Flushing of Weak Hands.

It's as easy as taking candy from a baby, right? Not so much anymore. The "paper hits" are nowhere near as deep as previous reactions. The baby is getting more physical (literally) as time progresses.

Gold London P.M Fixed and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:

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