This is one of those moments when the gold markets offer a gift, Daniel Ghali, the strategic expert at TDS.
Gold “at the height but it was under the birth” in the perception of the market
“The total open interest in CME GOLD is now approaching the lowest levels (425 thousand), which historically carries its lowest levels in the price of gold-despite the convincing state of Macro.
“Gold gathering is not related to demand, it is related to confidence. We expect the total open interest for future contracts will increase, as a function in the market plumbing. CTAS will buy gold in any scenario this week, with the ALGO purchase activity continues this session (+4 % of the size of MAX).
“With macro funds to a large -scale day of gold, the signs of the sale of ETF depletion, the incoming CTA flows, and strong front returns historically from these low levels of open interest, the prices are likely to be strengthened by setting them alone.
