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Gene Arensberg's GGR: Gold futures setup becoming bullish

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Published : February 20th, 2013
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Category : GoldWire

Studying the latest futures trader data, Gene Arensberg of the Got Gold Report finds that the recent smashdown in gold appears to have been mainly the work of managed money funds rather than bullion banks and that the gold short position of the large commercial traders has become "quite low," a level "usually associated with lows or near lows for gold." Arensberg adds: "The setup is practically begging for a massive, very violent reaction just ahead."

This week's edition of the Got Gold Report is headlined "Gold COT Imbalanced, Becoming Bullish" and it's posted in the clear here:

http://www.gotgoldreport.com/2013/02/got-gold...y-release-of...

Companies Mentionned : Bullion |
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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