Upcoming Breakout in Gold Longs?
We know that Gold's commitment reports from the Comex is for the trading working period ending in a Tuesday. The last data point in the yellow graph is for the week ending last Tues (Nov 2nd), so the next data point (due this Friday) is for the week ending Tues 9th. Since we know what happened to gold over the last 6 days, the next data point will likely show a breakout in net longs. For more background, see a recent video about net Comex commitments.
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