Monday, June 24, 2013

Gold COT Chart

Gold COT (Commitments of Futures Traders) report continues to hint at gold developing a bottom. The red circles show where gold price tops and green circles show where price bottoms. The bump higher in the dollar is causing the gold weakness in recent days. The yellow metal should base and stabilize setting up a short-term recovery. Gold is down in early trading this morning. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

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