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| Commitment of Traders Report COT CFTC - Gold - Commodity Exchange Inc - 13 December 2011 |
The commercial traders have reduced their net short position in the last few weeks. Look at the gold chart below for XAU/USD. If the trend continues we can expect the price to go down further. Is it just a minor correction or the end of the bull market for gold? Well, we will just follow the commercials for now.
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| Gold XAUUSD Chart December 2011 |
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