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Sunday Discussion: Overbought, Not Overdone

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Housekeeping: The Conversation with Bai will be posted tomorrow. Good Luck.

Topics:

  1. Rollover mechanics

  2. Overbought.. but buying not done

  3. CFTC Analysis

  4. OI analysis vs overbought

  5. DB,TD, BOA coverage

What the Situation Looks Like after a Golden Cross and a new ATH after a monthly ATH close.

  1. US Gold pricing and behavior is business as usual. Banks are not afraid to sell it.

  2. Therefore treat it like a “trade” not an event Why? This is gold and in a pinch, physical can be easily sourced.. HOWEVER…. ( and this is goofy)

  3. China Gold pricing and behavior is NOT business as usual

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GoldFix
Capital markets recap, commentary, and analysis for evolving traders
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