Always consider hidden risks
US GOLD Futures (GC) - Nobody s Long Gold Now ?
Dec 2 ( From Barchart, Signal )
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COT ( Commitment of Traders ) - Large Speculators
As we can observe on the graph below, Large speculators have one of the smallest position in Gold if the past 5 years ( Green line )
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The SituationGold is becoming more volatile for many reasons.
From the third week of November til mid-December , seasonality for Gold are bearish.
Large Speculators sold a lot of gold lately andare not very long of the Gold
( See second chart below )
Read also :
A RBI Gold Sell Off ?
And as we can see on the graph below, from the third week of November til mid-December , seasonality for Gold are bearish.
US GOLD Futures (GC) - Nobody s Long Gold Now ? $MACRO, $STUDY, $GLD, $GC_F