Brutal Gold Futures Action Explains Last Week’s Big Price Decline
Just when it looked like gold futures — which still, unfortunately, dictate the price of physical precious metals — were ready to turn bullish, last
Just when it looked like gold futures — which still, unfortunately, dictate the price of physical precious metals — were ready to turn bullish, last
Early 2019 looked like a great set-up for gold, but failed to live up to its billing. A nice December-through-March run took the price back
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a
After a brutal few weeks in precious metals, you’d expect trend-following speculators to be heading for the exits. And the most recent gold and silver
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality – that is, the annual decline in bullion demand from China and India
It’s easy to dismiss seasonality in the price of a tradable asset. After all, if supply and demand fluctuate regularly you’d think the resulting arbitrage
Silver’s popping today. Which is what people following the futures market action have been expecting for several months now. Speculators – usually wrong at big
Something strange has been happening in precious metals lately. Gold has been doing a lot better than silver, even as the paper market internals have
Friday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring
Normally the action in the gold and silver futures markets tends to be pretty similar, since the same general forces affect both precious metals. When
For at least the past decade the behavior of the people who trade gold futures contracts – and thereby determine the metal’s price – has
Back in September the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited
That didn’t take long at all. Just a few weeks after the Commitment of Traders (COT) Reports for gold and silver turned positive – setting
Just a quick, happy update on the gold/silver COT reports. See last week’s post for a little more background. Speculators are running scared in the
The stars — in the form of smart and dumb money futures contract positions — have once again lined up favorably for precious metals. Here
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