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US GOLD Futures (GC) - Seasonalities Turning Bullish ?
Apr 14 ( 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. They started selling three weeks ago as shown by the chart below ( Green line )
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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 )
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) - Seasonalities Turning Bullish ? $MACRO, $STUDY, $GLD, $GC_F