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US GOLD Futures (GC) - Small Speculators: Shortest Position Ever ?
​November 24 ( From Barchart, David Stendahll  )
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COT ( Commitment of Traders ) - Small Speculators

​​As we can observe on the graph below, Small speculators had one of the biggest short position in Gold of the past 5 years for the week of November 17 2014.   ( Blue line )
The Situation


​​​Small Speculators increased their short position from the week
​of November 17 by ​4.4k contracts for a total ​of 10.4 contracts,
the shortest position ever.


And til the end of November, seasonality for Gold are for a bullish trend. ​​
​(See second chart below)

Observe the falling weekly wedge pattern that started on​​ July 2014.
For the week of November 24, support is at 1184.4 and resistance at 1219.5.



Seasonality

And til the end of November, seasonality for Gold are fror a bullish trend as you can see in the chart below.
US GOLD Futures (GC) - Small Speculators: Shortest Position Ever ?  $MACRO, $STUDY, $GLD, $GC_F