gold open interest - comex yesterday - quite a large rise

TOTAL GC FUT

551,738 + 21,348 = 3.8%

until last Tuesday, the commercials were still steadily increasing their gold longs (two months' increases of 41% from 97k to 137k), albeit still holding a larger short position - their ratio of short to longs is still relatively low (2.8:1) - seems like a managed rise in gold, where they will win on the way up, and win on the way down. Just speculation.

money seems to be moving to both US$ and gold - which is encouraging

The GTU Gold Trust premium is about 9% - it has gone as high as 15%, 20%, even 30%, in the last two years