Gold Shorts About to Get Burned

Mish Shedlock
By Mish Shedlock of MishTalk
Investment Advisor Representative - Sitka Pacific Capital Management •

The Gold COT report shows gold shorts piling on in addition to long liquidation. Meanwhile, the price of gold is rising.

The Gold COT report shows gold shorts piling on in addition to long liquidation. Meanwhile, the price of gold is rising.

Gold Daily Chart

 

This is an incredibly price-bullish setup. Buy Gold.

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