This is now 3 weeks of big cartel bankster gold buying in a row (buys & short covering equal major buying) and maybe the fastest and most aggressive turn around I ever saw from bearish to bullish in gold with silver lagging still a little. Something big this way comes given this aggressive shift or maybe they just need some more x-mas money.
http://news.goldseek.com/COT/1447705914.php
Another very big shift in COT report as commercials buy gold bigtime & dumb money specs get sucked in once again (wash rinse repeat action), this is so obvious and recurrs time and time again. Don' know why the specs never learn & allow themselves to be fleeced by cartel banksters and a few friends.
You have to go back to late July for to get a similar COT report setup and we all know how much gold rallied after that. See link below for history of COT reports.
http://news.goldseek.com/COT/
Could gold a little lower, sure anything is possible with the manipulative cartel banksters, but the odds favour a big upside move starting sooner than later. I also note the banks going more short US dollar as dumb hedgy money goes more long, this will not end well for hedgies once again, no wonder most hedge funds have had terrible performance in 2015. This will be at least third time banksters fleeced them this year.