Gold – The Commitments of Traders

by Pater Tenebrarum
Acting Man

Commercial and Non-Commercial Market Participants

The commitments of traders in gold futures are beginning to look a bit concerning these days – we will explain further below why this is so. Some readers may well be wondering why an explanation is even needed. Isn’t it obvious? Superficially, it sure looks that way.

[…] As the following chart of the net position of commercial hedgers illustrates, their position is currently at quite an extended level:

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