"Open interest in gold is down sharply and it just shows you people are running for cover from this market right now," said Ron Goodis, the futures-trading director at Equidex Brokerage Group Inc. in Closter, New Jersey. "No one wants to get into gold now."
My comment: If this were stocks, this is how you would tell the market has bottomed.
Interesting note from a Nadler article
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Posted - 08/21/2008 : 07:58:25
