Replies to post #37933 on GOLDBUGS AMEX Goldbugs Index (GOLD)

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Peek Into Gold Future Through Futures

* October 29, 2016

The following are futures positions of non-commercials as of October 25, 2016.

Gold: After the 3.3-percent October 4th drop through $1,300 support, spot gold has pretty much traded around its 200-day moving average ($1,269). The yellow metal has been on slight uptrend since October 7, but has been unable to substantially lift off of the average, which, unlike the 50-day, is still rising.

Flows are not cooperating. In the week ended Wednesday, GLD, the SPDR gold ETF, lost $1 billion. This followed $791 million in inflows in the prior couple of weeks (courtesy of ETF.com).

Non-commercials, who have cut back from the all-time high 315,963 contracts as of July 5, 2016 to last week’s 179,618, added some this week.

Currently net long 197k, up 17.4k.



http://www.hedgopia.com/cot-peek-into-future-through-futures-67/

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