-
Signs of Capitulation Everywhere
table As shown in Figure 1, July was a continuation of 2022's wild ride. The spot gold price fell $41.33 (or -2.29%) to close at $1,765.94 for the month. July was particularly volatile as gold fell sharply in the first week of the month as CTAs (Commodity Trading Advisors, i.e., quant funds, an investment fund that selects securities using advanced quantitative analysis) heavily shorted gold along with the entire commodity complex. The gold price continued to fall until the futures and options expiry7 date on Friday, July 15 (the third Friday of every month, i.e., July 15), a common occurrence this year. At its ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From mining.com|Aug 5, 2022The copper price rose on Friday following a US jobs report that provided both good and bad news for investors. US employers added hundreds of thousands more jobs than expected ...
-
From cftc.gov|Aug 5, 2022The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, ...
-
From kitco.com|Aug 5, 2022Recession fears and the ongoing inflation threat prompted retail investors to jump back into the gold market as two major global mints reported increases in their gold and silver ...
-
- Newer Stories
-
From miningweekly.com|Aug 5, 2022Zinc neared a one-month high while other metals came under pressure in London, with top producer Glencore warning that Europe’s energy crisis poses a substantial threat to supply. ...
-
From lplresearch.com|Aug 5, 2022The economy added 528,000 payroll jobs in July after a solid gain in June and May. The strong gains in the job market last month should further cement the claim that the U.S. is ...
- Story Stats
- Posted: Aug 5, 2022 4:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 50
