Past gold price bottoms have closely coincided with small speculators moving to a net short position in gold futures. As of Tuesday September 16th the small specs were still holding out with a net long position of more than 4,000 contracts and had actually increased their bullish bets in the previous week:

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Gold_COT_9.16.2014

It will be  interesting to see next week's CoT report considering Wednesday's large decline which penetrated key support levels.

Read also: The Dumb Money has a Record Short Position in Gold & 3 Reasons Gold Could be in For a Summer Swoon