Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Now Let’s Get Rid Of The Income Tax Nathan Lewis The Current Account Deficit Nathan Lewis The Current Account Deficit #2: Savings and Investment Nathan Lewis The Current Account Deficit #3: Complete Nonsense Nathan Lewis

S W
Member since May 2012
668 commentaries - 5 followers

5 followers

has posted a comment on the article :

Open Interest; Discussing the Fallacy…They DON’T Always Foretell Higher Prices

- Dan Dontrose - The Fundamental View

All well and good when simply discussing one(1) contract swapping sides.

If I enter the futures market selling 100,000 gold contracts at market ( naked or not) I am fairly certain the price will be pushed lower.

Now if you are of the 'fundamental view' that the world economy is just fine and that the reported $1 QUADRILLION worth of digital derivatives is SAFE and risk free, and that you have a secure job with money in the bank ( ha ha), whatever you do, DO NOT buy anything.
Just leave gold and silver alone and let those who know value buy the stuff at bargain prices.

Commented 4232 days ago

Send

Beginning of the headline :I got the idea for writing this post yesterday afternoon when I saw a full precious metals ultra bull site talking about the “surge” in silver open interest and got a little perturbed with how this information was being used to suggest to their readers that this was a bullish sign, setting up for higher prices in silver in particular. I was a little late in publishing it, after witnessing today’s bloodbath in the metals space, but, I think the point is actually visualized better now in light o... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis