GOLDBUGS AMEX Goldbugs Index (GOLD)

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Peek Into Gold Future Through Futures

* March 4, 2017

Following futures positions of non-commercials are as of February 28, 2017.

Gold: In Monday’s long-legged doji session, the cash did test the 200-day moving average but was rejected. This preceded a 12.5-percent rally from December 15 last year. Come Thursday, it lost shorter-term moving averages. The rising 50-day is 1.8 percent away, and likely gets tested.

At the moment, public seems disinterested. Wednesday, GLD, the SPDR gold ETF, attracted $96 million. This was the first time the ETF saw activity – in or out – in seven sessions (courtesy of ETF.com).

As well, non-commercials took net longs to a 14-week high, but was no help to the metal.

Currently net long 163.8k, up 40k.



http://www.hedgopia.com/cot-peek-into-future-through-futures-85/

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