Dear Friends,
Please see the following charts for a view of the Dollar along with some assorted charts of interest.
I have also included the COT charts for both the US Dollar and Comex Gold.
For gold, there is not much of interest this week other than the fact that the Swap Dealers were the big sellers with Managed Money actually selling as well. The other Reportables, (some of the big locals, CTA’s,) did some net buying as did the general public. The Producer/User category added fresh shorts but those were outnumbered by more fresh longs. All in all, nothing to get excited about. For gold to trend higher it will need the managed money category to stop selling and begin further rebuilding their net long position.
