Gold: The COTR for #gold was released Friday, as usual, but I was away from the office yesterday and didn't get a chance to update spreadsheets: I need not have worried as its almost unchanged.
Managed Money remains net short gold, reduced by 0.75moz to 7.1 moz
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Managed Money remains net short gold, reduced by 0.75moz to 7.1 moz
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Gold: Gross #gold longs were down 0.16moz to 10.4moz, continuing to bounce roughly around the base level seen over the past six or seven years
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Gold: While Gross #gold shorts fell by 0.91moz to 17.5 million ounces, just shy of the highs seen since this data was available (2006).
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Gold: Bottom line - #gold has stabilised around $1200/oz, positioned for short covering but lacking a catalyst to trigger such a move.
One thing to note is that the 50day moving average, one possible trigger level, is declining quickly and now stands at $1209 (cash).
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One thing to note is that the 50day moving average, one possible trigger level, is declining quickly and now stands at $1209 (cash).
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@threadreaderapp Good morning. Please unroll. Thank you.
