CTAs are ‘maximum long’ in Gold and Silver, but the margin of safety against algorithmic liquidations in Gold remains high, says TDS commodities analyst Daniel Ghali.
There are no directional shorts left in the Gold markets
“This release is the first significant challenge to the consensus narrative that has attracted enough capital for our positioning measures to scream extreme on several fronts, but liquidations have remained minuscule, suggesting that geopolitical fears are preventing accounts from liquidating. “
“Contrary to what the price action implies, recent weeks have not seen massive inflows into Gold according to our positioning analyses, but rather point to a liquidity void with few sellers in the stratosphere.”
“After all, money managers’ shorts are now overwhelmingly tied to EFPs, suggesting there are almost no directional shorts left in gold markets. By contrast, silver prices have less of a margin of safety.” against the first selling program, but in the event that the incipient signs of reflationary trends persist, Silver and base metals are a superior expression.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
