OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Dave Brady of Sprott watching the COT’s

Posted by Buygold @ 8:37 on June 30, 2019  

My take: I think Sprott and his guys are gold atheists. They make their money selling gold and silver vehicles and could care little whether metals go up or down.

Bottom line to this article is to be wary of the explosion in short interest and volume in general in the futures market, last time it happened was 2016 and gold fell 18%

I hope this time is different, because I can’t wait another 3 years to recover from that type of beating.

Gold At Risk Of A Sharp Pullback Before Higher Again

Open interest in Gold futures on the COMEX bottomed at 430k contracts on April 30. They have since risen to 526k on June 18.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.