Loading ...Momentum is a terrible thing to waste! 🙂
I’m not sure our happiness/confidence level is much to worry about yet as we’ve just broken some pretty serious resistance and there are so many folks that were burned in the 2011-15 disaster they may never come back again-until they can’t resist-at gold $1500 and HUI 400. 🙂
The latest COT Report shows commercials getting overwhelmed yet again and the funds getting somewhat cautious by trying to hedge with a few short positions. The funds getting cautious is NOT good for the banksters because it nullifies their meager long positions.
All of my analysis of course is based on the COT Report being real info. 🙂
Judge for yourselves:
http://www.cftc.gov/dea/futures/deacmxlf.htm