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  1. Gold: No Clear Direction

    by , 10-05-2018 at 07:33 AM
    Spot Gold: Retail trader data shows 83.7% of traders are net-long with the ratio of traders long to short at 5.15 to 1. The number of traders net-long is 5.8% higher than yesterday and 6.0% lower from last week, while the number of traders net-short is 15.7% lower than yesterday and 19.6% higher from last week.

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    We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue ...