Because it’s so important to see this correctly and not pretend we (well, I) know more than we (I) actually do I find it important to look at pictorial representations of history and think about them when I get some quiet time (ha ha ha, like not on Twitter, not reading financial/gold websites and most certainly not watching TeeVee finance and news).

So I am thinking about the Commitments of Traders alignment with respect to the gold price once again. That would be the same CoT that has doggedly hung a poor risk vs. reward sign out over the sector from a sentiment standpoint since the summer.