Gold should push higher

The latest futures market activity (according to the CFTC data) puts the net long speculative position in gold at 31.5% of open interest. This is a substantial jump from 25.6% the previous week.
While this jump in speculative length seems big, the market for gold still does not look overextended. The two-year average position of net speculative longs relative to open interest is
33%, with the maximum at 42% and the minimum at 23% over this period.

Our strategic view remains unchanged: stay long gold. In our gold model, global liquidity is central to deriving gold’s “fair value”. With global liquidity still rising, gold should push higher. Global liquidity is being driven not so much by the Fed anymore, but increasingly by government borrowing.

For gold, support is at $1,528 and $1,515. Resistance is at $1,550 and $1,558.


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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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