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John Reade @JReade_WGC

, 3 tweets, 2 min read Read on Twitter

Gold: Its been a quiet move higher for gold over the past few days, but we are now sitting above the 50 day moving average (cash).

1/3

Gold: There has been little change in Comex #gold open interest over the past few weeks, suggesting the large gross shorts are still there (stubborn, aren't they).

2/3

Gold: Comex #gold volumes are unremarkable too.

A close above the 50 day moving average today could be a trigger for some short covering, but further price gains are probably needed to rattle the bulk of the shorts.

3/3

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