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Gene Arensberg: Gold futures trading data resembles setup for rally

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Published : June 01st, 2013
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Category : GoldWire

Gene Arensberg of the Got Gold Report examines the latest commitment of traders data for U.S. gold futures and finds that the largest commercial traders are less short gold than they have been since 2005. Meanwhile hedge fund types -- "other reportables" in the jargon of the U.S. Commodity Futures Trading Commission -- have gone extremely short.

Arensberg writes: "We are reminded of the similar 'other reportable' exodus which occurred in early 2011. ... Curiously, the previous 'other reportable' net long exodus occurred just prior to the largest and most important rally for gold since 1980."

Arensberg's commentary is posted at the Got Gold Report here:

http://www.gotgoldreport.com/2013/05/gold-and...egated-cot-r...

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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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