GOLDBUGS AMEX Goldbugs Index (GOLD)

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Peek Into Gold Future Through Futures

* September 17, 2016

The following are futures positions of non-commercials as of September 13, 2016.

Gold: Notwithstanding if the Fed moves next week, or in December or if ever, or if the dollar rallies or weakens, one thing that is certain to impact gold’s price is flows, or a lack thereof, into gold ETFs. These have proven to be popular vehicles for those seeking exposure to the metal.

In the week ended Wednesday, GLD, the SPDR gold ETF, lost $702 million (courtesy of ETF.com).

Spot gold bottomed at $1045.4/ounce on December 3rd last year. Since then, GLD has attracted $7.7 billion. Since the metal peaked on July 6th at $1,377.5, it has essentially gone sideways to slightly down.

The metal is once again testing support at $1,300, which has been tested several times in the past three months.

Currently net long 285.4k, down 22.4k.



http://www.hedgopia.com/cot-peek-into-future-through-futures-61/

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