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Open Interest In Gold Falls- Is That A Sign That A Bottom Is Near?

Open Interest In Gold Falls- Is That A Sign That A Bottom Is Near?

April 24, 2019

Gold is looking awful these days, but the open interest metric on COMEX gold futures has declined significantly with the price. In my latest article for Seeking Alpha, I explain why a move lower in the metric that measures the total number of open long and short positions in the futures market tends to lead to a bottom when it declines with the price of the yellow metal.

Article: Open Interest In Gold Falls- Is That A Sign That A Bottom Is Near?

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