COT is telling us that commercials added a paltry 2,500 shorts into a fairly decent gold price rise.
Even more surprising is that commercials continued to cover their shorts in silver though it was by only 2,300 contracts.These numbers are bullish
Overnight in the land of never never we have no change in gold stock land behavior.
The longer this goes on the more cautious I become, especially as the broader market looks to be in the calm before the storm.
The aussie looks to be correcting from its overcooked status indicating we may be in for a gold price rise in aussies over the next few days.
Will it help?
Ann: FY17 Production and FY18 Guidance, page-166
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $1.016B | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.3¢ | 47.0¢ | $1.391M | 2.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 121680 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 310191 | 27 |
View Market Depth
| Last trade - 12.57pm 17/05/2024 (20 minute delay) ? |
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Last
47.0¢ |
Change
-0.015 ( 3.21 %) |
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| Open | High | Low | Volume | ||
| 47.5¢ | 48.3¢ | 47.0¢ | 1099333 | ||
| Last updated 13.13pm 17/05/2024 ? | |||||
| RSG (ASX) Chart |