Thursday, November 26, 2020

Tag: Market Report: Softly

Market Report: Softly, softly, catchee monkey

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by Alasdair Macleod, GoldMoney:

The rally from recent lows continued, with gold up $14 from last Friday’s close in mid-morning European trade today (Friday) at $1208. Over the same timescale, silver gained 34 cents to $14.40. Both metals remain extremely oversold, with no signs of panic in the ursine community Рyet. The next chart shows the net managed money position for gold on Comex.