Sorry to disturb the general bullishness in the PMC, but with net short % (see Tom McClellan for def) the Question remains "Who is supposed to buy" ???? Especially concerning the fact that the 8 biggest Participants in the Market (1/3 of gross long's and 40 % of gross short position) did NOT participate the bullish Rally, but DID reduce their exposure. Be aware! An April 2013 is around the corner.
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But again: Target after Correction is in the 2400 USD Range !!
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if you check Xauusd/jpyusd/Barrick you really need to start getting afraid for gold.
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the vertical line is the expected correction start. 30.7-12.8
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Starting Right on Time !
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Seems to be in time ... 11. Aug the correction started.