Loading ...… just above 400k due to physical delivers (making Comex more of a cash market now) … meaning a great deal of room exists for speculative buying whenever traders wake up.
Gold Futures Volume & Open Interest – CME Group
Not sure when that will happen … but if history is a good guide … stock market volatility should be the ticket.
Does that mean stocks should start heading lower soon using this as a contrarian sentiment indicator?
Again, nobody knows for sure, but I wouldn’t be surprised.
Mornin all