Capping and Containing

Another new alltime high in Comex gold contract open interest.

38
Fri, Dec 20, 2019 - 10:40am

The price range for Comex Digital Gold has gotten even tighter today with a range thus far of just $4. Now that the total open interest numbers are in, we can begin to see the forces at work behind the scenes that seem desperate to keep CDG from breaking out above $1485 and its 50-day moving average.

As discussed all week, please take a few moments to consider again what is taking place. Despite the decreased trading volume of year end and some selling in the bond market, there is a clear bias toward higher prices in Comex gold. Yet, all week, we've seen price clamped down above...

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