Thanksgiving Gold Comment

Bullion Banks are Covering Once again

Housekeeping: Good Afternoon.

---

EOW Gold Comment:

FWIW- Friday’s price action was pleasantly surprising once again.

With the US out on Thanksgiving, noone felt the urge to spoof it lower, which is odd…. they are very much hurting on the bullion swap desks.

And, we’re seeing Bank buying again in upticking market moves. Open interest continues to drop as the market rises. Here’s a chart of how to see it for yourself

This indicates ( not indicates.. it actually MEANS) long-fund selling into buying that was first initiated by shorts covering through Friday…