Hey Trades, did you have a look at this report (released on Friday) yet? That is one massive short (and growing!) DX position for the Commercials. On the other side of the ledger, the Large and Small specs are now VERY long. I don't know about others, but I would feel a bit squeamish being in the same boat with those small specs who are currently tilted to the long side by over 86% now.

Interesting numbers for Gold and Silver included in the same linked report. The net Commercial short position declined even further last week. These numbers do not align well with the thesis of a significant further decline in the Gold price from here, although a bit more weakness cannot be ruled out. Curious to see if the $1600 level holds early on in the week...