Correct me if I'm wrong but I believe that tomorrow is option expiry. Gold is not reacting like it usually does prior to option expiry.

A few takedown efforts today went unrewarded. The Access market did nothing to discourage anyone and now the far east is quite bullish.

As per ECU, there does seem to be a concentrated effort by the shorts to defend their position. Hopefully ECU will have the proper ammunition to fight them off. I recall last May 22nd when the price rose from 70 to 90 cents in one day. There was no panic by the shorts and the price was eventually brought back down.

Don't forget you need much less cash to short than you do to go long.

Later