The Negativity Of GOFO Rates And Factors That Will Spark The Next Big Move In Gold

 http://truthingold.blogspot.com/2013/07/the-negativity-of-gofo-rates-and.html

With gold sentiment quite negative and shorts at extreme levels, upside price risks cannot be ignored especially amid evidence of consistent physical demand. Historical seasonal patterns suggest that this is likely to strengthen later in the quarter, which in turn could prompt a short-term squeeze. - UBS, London Metals Group