Intraday Market Thoughts

Fading or Favouring Gold? Latest Intermarket Insights

by Ashraf Laidi
May 29, 2012 15:19

There is much talk about the so-called extreme net shorts in EURUSD versus the relatively stable pick up in USD Index net longs among speculative futures traders in the Chicago Mercantile Exchange. We have discussed this in the latest HotCharts section. But what about speculators positioning in gold and oil? The latest data on speculative futures traders in the Comex shows net longs in gold contracts have stabilized at 115,151 contracts, just above the prior weeks 114,142 contracts, Todays Intermarket Insights looks at the latest in gold, EURUSD, EURJPY and GBPUSD. For direct access to todays edition, click here: http://ashraflaidi.com/products/sub01/access/?a=641 Non subscribers, click here: http://ashraflaidi.com/products/sub01/

 
 

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