The COT numbers definitely seem to be pretty accurate to the downside. To the upside not so much.
I’m not sure I agree with Thompson that the big banks are buying gold hand over fist down here, but I do think they fleeced the funds yet again by washing out all the longs at $1180. I guess I’m not sure that the banks ever intend to be long.
What in the hell is the DOW up 150 pts for today anyway? Weak housing numbers this am??
Oil looks ready to breach $40 but somehow I bet oil shares are up.