Gold’s Open Interest on Comex indicates that futures are not overbought, suggesting that when it is over this decline could support a decent upward move. Are we going higher or lower from here?

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via kingworldnews:

Here is a look at what is happening behind the scenes in the gold and silver markets.

May 19 (King World News) – Alasdair Macleod:Gold and silver prices declined this week, as the shorts mounted an attack on speculating longs. In Europe this morning, gold was trading at $1965, down $46 from last Friday’s close, and silver was at $23.69, down 25 cents on the week.

 

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