COMMERCIALS ADD MORE SHORT POSITION TO GOLD AS OFF LAST COT

Last week we saw the commercials add about 27,323 shorts contracts against the 577 long contracts and a total open interest of 27,954 this might put a huge pressure on gold for a correction to the 1440 to 1450 area this month,How ever NFP Might be a major catalyst this Friday,selling gold has high has possible a good opportunity for a swing,anything below the 1535 is seen as a good opportunity for gold we expect lower prices in gold till November.