Great chat Sunday. The group had plenty to discuss on Gold after the week we had.
Enjoy.
Goldman’s trading desk on Gold
Gold bounced 8.5% over 6 days. Futures demand undoubtedly manifested. From a technical perspective, one could argue for extension. Ultimately, watch for continued central bank buying and a potential asymmetric payoff.
Two reports at bottom. We’ve talked about bullish drivers for Gold as year end comes before. This year’s drivers are at bottom.
Also at bottom is a note from Goldman’s trading desk on Gold. They are loading the gun for a good buy season it seems. The timing is impeccable given recent observations, even if we are suspicious Gold traders.
Video approx times:
0:00- CoT quick comment
3:00- Factors contributing to the rally
11:00 Michel Moor’s levels
13:00- Bollinger Bands, different timeframes, and momentum- RB
50:00- Bond inversion
58:00- Detailed walkthrough Goldman Gold Note
Take it for what it is worth. This is not a retail report.
Gold is in play again: bullish or bearish, but not agnostic
1:05:00- Short Open Interest framing- RB
1:24:00- Silver Fest/ miners/ SLV wrong risk- Brit
1:29:00 FTX Scandal, What happened, parallels to MF Global- MM
Note: The whole geopolitical WW 1 stuff LB brought up thing didn’t get recorded- sorry
Gold charts in report
