The POSX continues to fall today as the political environment in the US turns even hotter. Can this eventually lead to new lows for the dollar, an ease in the CNY devaluations and a rebound in Comex gold?
It's not just Comex gold where we have record Speculator short extremes. The Spec crowd is also at extremes in shorting bonds, long the POSX and long the S&P. Does this seem like a Bank set-up to you, too?
4:30 AM came early for this would be prospector. But I arose, made some strong coffee, and tried to wake up while catching up on the overnight posts at TFMR. I crawled in my truck, which had been loaded with shovels and buckets and rubber boots the night before, and headed south to the Goldfields near Prescott AZ. After a 2 Hour drive, I met one of my buddies, we’ll call him “Stumpy.” We planned this prospecting trip to get rich.
Now that we're back in the office, we can review the most recent CoT report to discover some historic anomalies. The question is, are these CoT changes the cause or the effect of this most recent price decline?