Gold – The Commitments of Traders
By GCRU Gold News on Thursday, May 12 2016, 10:56 - Permalink
The commitments of traders in gold futures are beginning to look a bit concerning these days – we will explain further below why this is so. Some readers may well be wondering why an explanation is even needed. Isn’t it obvious? Superficially, it sure looks that way.
Lastly, it should also be pointed out that the “goal posts” for these data series are moving over time. It is highly likely that if a longer term advance in precious metals prices has indeed begun, new record highs in futures open interest and speculative net long positioning will be seen in coming years.