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US GOLD Futures (GC) - Spec Adding to Long Gold Positions but Bear Seasonalily ?
March 10 ( From Barchart, David Stendahll )
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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 but since then are accumulating as shown by the chart below ( Green line )
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The SituationGold is becoming more volatile for many reasons. RBI ( Reserve Bank of India )changed the balance of supply and demand in 2013... And again on Dec 31 announcement...
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...
( See chart below )
And from the end of February til mid-April , seasonality for Gold are bearish. ( See second chart below )
And as we can see on the graph below, from the end of February til mid-April , seasonality for Gold are bearish.
US GOLD Futures (GC) - Spec Adding to Long Gold Positions but Bear Seasonalily ? $MACRO, $STUDY, $GLD, $GC_F