GOLDBUGS AMEX Goldbugs Index (GOLD)

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Peek Into Gold Future Through Futures

* October 22, 2016

The following are futures positions of non-commercials as of October 18, 2016.

Gold: After five dojis in nine sessions around its 200-day moving average, GLD, the SPDR gold ETF, rallied past the average on Wednesday, that too with a doji. The 200-day is still rising. But the 50-day is dropping – currently $1,312.2 on spot gold, 3.5 percent away. It is worth recalling that the 3.3-percent, October 4th drop in spot gold came in a session in which $1,300 support was lost – around where a tug of war is likely.

On a daily chart, the spot just completed a bullish MACD crossover.

In the week ended Wednesday, $336 million moved into GLD. In the prior week, it attracted $455 million, (courtesy of ETF.com).

Currently net long 179.6k, down 15.6k.



http://www.hedgopia.com/cot-peek-into-future-through-futures-66/

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