FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US GOLD Futures (GC) -  Speculators Selling with Bullish Seasonalities ?
​Apr 21 ( From Barchart, David Stendahll  )
If you would like to receive our free daily markets updates, please Sign-up



COT ( Commitment of Traders ) - Large Speculators

​​As we can observe on the graph below, Large speculators had one of the smallest position in Gold of the past 5 years at the end of 2013.  They started selling three weeks ago as shown by the chart below ( Green line )
NOTE: Starting April 21, some analysis will be available only through
​Financial Iceberg Premium Subscription : want to subscribe ? Click
Here


The Situation



​Large Speculators sold a lot of gold at the end of last year and are not very long
​of the precious metal still. They are just starting to build a long position into the precious metal, but still quite far from the highest level reached in 2009 and 2010... ​​( See chart below )

It did start to change three weeks ago with the first significant decrease by Large Speculators​​ of their long positions as shown by the chart below.

And from around April 18 til the end of the month , seasonality for Gold are turning bullish. ( See second chart below )



Seasonality

​​And as we can see on the graph below, from around April 18 til the end of the month , seasonality for Gold are turning bullish.
US GOLD Futures (GC) - Speculators Selling with Bullish Seasonalities ?  $MACRO, $STUDY, $GLD, $GC_F