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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: dara who wrote (301195)10/16/2023 5:05:54 PM
From: LoneClone  Read Replies (1) | Respond to of 312311
 
Big Moves on Geopolitical Risk

But do keep in mind that when gold moves in responses to political developments or disasters it always give back the gains or losses eventually as the fundamentals always win in the end.

LC



To: dara who wrote (301195)10/21/2023 7:52:05 PM
From: dara2 Recommendations

Recommended By
LoneClone
onepath

  Read Replies (1) | Respond to of 312311
 
COTS as of October 17, 2023

The General Markets Drop - Gold Shorts Increase

This week the commercials reversed their positions and added to their net short positions in both silver and gold. The change in gold was very large. See here and here and here.

Gold is approaching overbought territory. The HUI may be signalling a change in direction by ending the week on a low for the day on Friday.

Copper is consolidating at the bottom of it's downward channel.

WTIC continued its bounce. Natgas continued its correction from an overbought position.

The US$ is consolidating at the 106 level near its recent high. The yield on the 10 year US treasuries made new highs. With speculation that the Fed is at the end of its rate raising cycle, it may soon be a good time to buy bonds.

The major stock indices finished their bounce and dropped. The question here is will the recent lows hold?

Ed Steer's comments:

On gold:

"So we're at best market neutral in gold now from a COMEX futures market perspective."

On silver:

"But in the overall, it was a very positive COT Report in silver -- and far better than I was expecting"





























Disaggregated futures and options - combined report:

cftc.gov

Legacy Report: Futures Only Commodity Exchange Incorporated:

cftc.gov