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| Gold Disaggregated Commitments of Traders Report 12 June 2012 |
It is said gold traders have been bullish for the past few weeks. According to the World Gold Council, central banks are buying more gold after adding 456.4 tonne in 2011, the most in almost five decades.
Above is the chart for the Disaggregated Commitments of Traders for Gold. The smart money (the Producers and Swap Dealers) have been unwinding their short positions steadily. This could mean there might be a drop in gold prices and the end of the bullish run for gold.
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