Mornin pic.

This is getting scary, but in a good way. My model is as bullish as it has even been. It looks as if the # of pm up daysvs down days over the last month has increased the predicted slope (rise in price) and lower volitility indicator. It has never achieved these combined parameters nor has any of the back test data ever looked this strong so I am reluctant to believe the result.

I would like to believe the result, but I am VERY apprehensive about the COT internals. The huge # of shorts is about as bad as it has ever been. The primary ceiling in gold is at $1,200 in the Dec contract with minor resistance at $1,050 and $1,000. Something has to give. The Boyx have rarely lost from this postions.

Keeping fingers crossed.....