Image Source: Unsplash
 

The rally to take the gold price over $2,400 per ounce happened so quickly, that for a while it felt like the gold price was just going to keep going up every day.

Yet now we’re nearing almost 3 months where the price has largely hovered in the $2,350-2,400 area. Giving the market a chance to process the rally.

And in today’s show, Vince Lanci looks at how the trading positions and open interest have changed during that period, and where it leaves the market positioning going forward.

Video Length: 00:25:27

More By This Author:

Fortuna Intersects 23.7 G/T Gold Over 17.8 Meters At Kingfisher Prospect
Central Banks Expect Gold Holdings To Increase Survey Shows
The BRICS' Plans For Proposed Gold Backed 'Unit'