Dear Bill,
Congratulations on your gold call! It just goes to show that relying on any one indicator like the COT report can seriously mislead. Analysts focus on the technicals and ignore the "interventionals" at their own peril. As I wrote in my October newsletter, "GATA has proven extensively that the Fed and the U.S Treasury Department arduously work to keep the gold market suppressed."

With the horrible sentiment in the sector, we could see $1200 gold by the New Year. I'm thinking it's a good time to buy more ECU too.

All the best,

Jennifer Barry
http://www.globalassetstrategist.com/