By Ben Turney | Tuesday 9 September 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The last two releases of the Commitment of Traders (CoT) data for gold have revealed that speculators have dumped futures in the precious metal en masse. The Managed Money segment of data was net long gold by 62,918 contracts, last Tuesday. This is down from a net long position of 103,205 contracts a fortnight before. Judging by the price performance of gold since, I wouldn’t be at all surprised if the next CoT report reveals a further decline. Is this it for gold’s rally over 2014?
Filed under:
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Time left: 17:30:48