Founders Note: BOA's GOLD CTA COMMENT
Selling will beget more selling today, Buying is up for grabs
Housekeeping: Everyone is talking CTA flows in metals now. Please remember where you heard of it first. ;)
We prefer TD due to its frequency.. But BOA’s is easiest to understand. We pulled out the Gold info for you below
Bottom line: Short term bearish leaning.. if the market gets soft, there will be CTA selling that can push it a little further
Read on for Analysis