Market Report: Imbalances and Mispricing

by Alasdair MacLeod
Gold Money

Gold and silver continued recent weakness, with prices stuck in a narrow trading range. Gold Was down $5 in European trade this morning (Friday) from the previous Friday’s close at $1210. Silver is up six cents over the same timescale at $15.38.

[…] Trading on Comex has been subdued, with gold’s open interest distinctly average. However, these benign figures conceal a record net short position in the hedge funds of 42,528 contracts. This is put into the historical context in the next chart.

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