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Gold Sector Correction – Where Do Things Stand?

Monday, October 10, 2016 19:46
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(Before It's News) / Pater Tenebrarum / October 10, 2016

Sentiment and Positioning

When we last discussed the gold sector correction (which had only just begun at the time), we mentioned we would update sentiment and positioning data on occasion. For a while, not much changed in these indicators, but as one would expect, last week’s sharp sell-off did in fact move the needle a bit.

The commitments of traders (CoT) report of Friday shows us the situation as of Tuesday last week. The net hedger position shown in the chart below is the inverse of the total net speculative position. In addition, the chart includes the net position of small traders:


The post Gold Sector Correction – Where Do Things Stand? appeared first on Silver For The People.

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