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

Oil is up almost 3% above $79 now

Posted by Buygold @ 13:32 on August 12, 2024  

At the gym, the only place I’m forced to watch FOX, they are beating the war drums pretty loudly as if Iran may strike tonight. US moving massive naval firepower into position to thwart whatever attack from Iran.

Maybe that’s also what we’re seeing in gold?

Captain has a beat on the futures, but the COT just looks to me like the funds are taking their bats and ball and going home, at least in silver.

CFTC Commitments of Traders Report – CMX (Futures Only)

Glad we’re up. GLD closing in on a triple top, which should break higher in a real market.

Today is an unexpected gift. 🙂

 

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