"Keep this in mind - specs drive our modern markets - when they are buying, price rise. When they are selling, prices fall. Specs have had no reason to buy gold until apparently the start of this year but more so apparently since the start of this month of February. It has nothing to do with backwardation claptrap, lease rates, JP Morgan, and all the usual BS that so regularly pollutes the web in the gold bug community." Trader Dan Norcini.
SOURCE:http://traderdannorcini.blogspot.sg/2014/02/commitment-of-traders-info.html
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