IMO, bad for gold near term if unchecked. It’ll be the Fed’s reaction that will be good for Gold – longer term it’s inflation or BUST literally ….. that’s objective #1. Unemployment/GDP … it’s just noise for the bankers. WAR – now there’s an idea !!
Anyone notice that recent COT levels are near the same as prior lows. My interpretation would be that speculative froth has gradually come off as higher lows are hit (fuel for a bull move). Anyone agree/disagree this is a valid observation? It was commonly reported recently the banks’ were taking off their long short positions. Thoughts?
Certainly hasn’t done gold any harm so far.
IMO, bad for gold near term if unchecked. It’ll be the Fed’s reaction that will be good for Gold – longer term it’s inflation or BUST literally ….. that’s objective #1. Unemployment/GDP … it’s just noise for the bankers. WAR – now there’s an idea !!
https://finviz.com/futures_charts.ashx?t=GC&p=d1
Anyone notice that recent COT levels are near the same as prior lows. My interpretation would be that speculative froth has gradually come off as higher lows are hit (fuel for a bull move). Anyone agree/disagree this is a valid observation? It was commonly reported recently the banks’ were taking off their long short positions. Thoughts?