NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 16.63% FROM LAST WEEK.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Gold: Retail broker information shows 87.94% of dealers are net-long with the proportion of merchants long to short at 7.29 to 1. Our information shows brokers are currently at their generally net-long Gold since May 19 when Gold exchanged close 1,841.76. The quantity of dealers net-long is 6.48% higher than yesterday and 4.12% higher from last week, while the quantity of brokers net-short is 27.19% lower than yesterday and 16.63% lower from the week before.
We commonly take an antagonist view to swarm opinion, and the reality merchants are net-long recommends Gold costs might keep on falling.
Brokers are further net-long than yesterday and last week, and the blend of current opinion and late changes gives us a more grounded Gold-negative antagonist exchanging predisposition.