Futures Only Gold Futures Positioning
Net Spec Short Position
That Tweet counts Futures and Options on Futures. I posted futures only.
Bill Fleckenstein
Buckle Up
Sentiment
As I have commented before, sentiment is extreme, but it can always get more extreme.
With that out of the way, I think Hickey and Fleckenstein have this correct.
This is an exceptionally good gold setup.
Mike “Mish” Shedlock
1050 again would be cool, some of us are still trying to build up our personal reserves. I’ve been just doing 1 oz. a year, holding back for years. Maybe higher rates will bring gold down like banksters say it should. The sentiment or whisperings in the brokerage houses are sell your gold now and buy it back cheaper later, only time will tell.
Mish, how long had those large specs been net short at the point you time you cite in 2001? That is relevant point in time to compare to today. Both bits of information would be great.
It’s a controlled environment MS,Central Banks and their printing presses control gold (everything),they can if they want print up a few trillion and buy (via Cayman proxy) all the gold,silver in the universe,it is what it is
I’m looking at long term price/volume chart. The bull(ion) run from 1999 to 2011 was accompanied by rising volume. Trading since 2016 featured all-time high volume that paused a 4.5 year bear market. Volume like this for 2.5 years that results in a slightly positive trend line is not indicative of a new bull market about to break out, but a bear market about to resume.
“This is an exceptionally good gold setup.” Is it ever not?