Variety of merchants net-short has decreased by 35.32% from final week. SYMBOL
Variety of merchants net-short has decreased by 35.32% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Gold |
BEARISH |
83.88% |
16.12% |
1.23%
7.74% |
-25.25%
-35.32% |
-4.24%
-2.70% |
Gold: Retail dealer information exhibits 83.88% of merchants are net-long with the ratio of merchants lengthy to brief at 5.21 to 1. Our information exhibits merchants are actually at their most net-long Gold since Sep 04 when Gold traded close to 1,933.11. The variety of merchants net-long is 1.23% larger than yesterday and seven.74% larger from final week, whereas the variety of merchants net-short is 25.25% decrease than yesterday and 35.32% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Gold costs could proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger Gold-bearish contrarian buying and selling bias.