April gold
http://futures.tradingcharts.com/cha...

Technically we are set up for a major move higher next week. Certainly all the recent constructive gold news will be a significant factor should that assessment play out.

The gold open interest rose 6,883 contracts, which means new buyers are flocking back in. The silver open interest gained 667 contracts to 92,550.

Following The Gold Cartel’s bombing of gold on Monday and Tuesday an OK Café Sentiment Indicator fell apart. Why precious metals interest fades so quickly following cabal price raids is beyond me. That’s just when the public ought to tune in more diligently.

The gold COT report revealed perfectly how Gold Cartel raids bury the specs (knocking out the likes of the Dennis Gartmans) … and then once they have fleeced the unsuspecting/clueless ones, they cover, and the market is able to go back up. This report is tabulated after the Tuesday close, which marked the bottom of the bad guy's raid...

*The large specs decreased their longs by 11,420 contracts and increased shorts by 3,085.

*The commercials increased their long positions by 7,796 contracts and decreased shorts by 7,754.

*The small specs increased longs by 619 contracts, yet increased shorts by 1,664 contracts.

This is bullish!