Looking at the COT report, the banks added to shorts and reduced longs as the hedge funds went the opposite. However, what did the banks do in the last 3 days of last week? In their favour is the modest overbought situation at the moment. I suspect they shorted it in the last few hours of Friday.
COT Gold, Silver & USDX Report - October 20, 2023 | GoldSeek
Precious Metals should be in demand NOW, page-61
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Last
3.4¢ |
Change
0.002(6.25%) |
Mkt cap ! $54.02M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.4¢ | 3.2¢ | $79.20K | 2.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1888421 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 893076 | 3 |
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