Thread by @JReade_WGC

Gold: Good morning. #Gold trading around $1294/oz in European hours on Monday.

1/6

Gold: No CFTC data, as has been the case since 18 December due to the government shutdown, but we estimate that the net long Managed Money position in #gold has probably increased by 2 million ounces to 8.5moz as of Friday.

2/6

This is from an examination of changes in Comex open #gold interest and price moves. Although OI has increased quite a lot, I suspect some shorts have entered the market over the past week, as well as some new longs.

3/6

Gold: Certainly we have seen further ETF inflows into #gold over the past week as sequential inflows now stand at 11 days.

4/6

Gold: and as US equities are indicating lower today, that trend may continue.

5/6

Gold: Finally, it is with interest that we note Newmont and Goldcorp are going to join forces. I suspect #gold equity analysts and portfolio managers are about to have a busy day.

6/6

good morning @threadreaderapp Please unroll. Thank you