February Doldrums

A long week of price consolidation continues.

33
Wed, Feb 27, 2019 - 10:59am

They're leaning pretty hard on the Comex digital metals this morning as higher interest rates and a slight bounce in the POSX are helping to add to a seemingly endless supply on the offer side.

And we saw this supply increase again yesterday where, even though prices were down most of the day, the total open interest in Comex gold rose by 3,700 contracts. Are The Banks adding even more contracts today? Probably. And this is helping to drive price consistently lower in the early going....

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