2013-08-17

Gold Rally Unfinished; Euro Had Better Rally

Speculative long positions on the euro have increased sharply, but the euro remains flat. The euro should rally next week, but if it does not, these spec longs will become the fuel for a bear run.


Gold is in a similar position to the euro, but we've seen a clear bounce. The upswing in speculative longs should pull gold higher next week.

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