/GC on the Dec 10, 2017

For a set of net shorts, gold needs to raise the price to at least 1300, attract new customers, sell them goods and continue to wait for the price drop.

Gold futures met expectations – the price touched $ 1300 twice, and, not being above this level, fell to the current level of $ 1250.

Commercial began to liquidate some short position, as evidenced by the reduction in open interest.

Now we need to see how the market behaves in the region of $1250 – $1240.

/GC on the Nov 19, 2017

Short positions Commercial bought off a quarter (starting in September 2017). Gold stabilized at around $1270, after the price went to conquer the nearest $ 1,310 extreme.

For a set of net shorts, gold needs to raise the price to at least 1300, attract new customers, sell them goods and continue to wait for the price drop.

Short position of the Commercial group (most likely) will start to fall by this moment.

We are waiting for the development of the situation …

/GC on the Nov 4, 2017

Commercial cuts short positions in the gold market (this is confirmed by a reduction in open interest).

The dollar has been growing for the past two weeks. For a set of net shorts, gold needs to raise the price to at least 1300, attract new customers, sell them goods and continue to wait for the price drop.

/GC on the Oct 10, 2017

Open interest positions Commercial Group decreased slightly (redemption of the shorts), as well as decreased net short position.

A slight increase (a pullback) is possible to $1310 and a further flat – until we see that open interest in gold futures is growing.

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/GC on the Sep 25, 2017

Sales of the Commercial on the background of growing open interest returned the price of gold from the level of $1360 to $1300 (from which this growth began).

It’s likely that a further temporary uncontrolled movement with a tendency to lower prices, because short positions are increasing (which is confirmed by the growth of open interest).

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