"Gold Prices Rebound After Friday's Smackdown: Analysis and Outlook"

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Source: Mish Talk
"Gold Prices Rebound After Friday's Smackdown: Analysis and Outlook"
Photo: Mish Talk
TL;DR Summary

The gold market experienced a rebound after a significant drop on Friday, with claims of manipulation by shorts. The CFTC's Disaggregated COT report for April 9, 2024, revealed the positions held by different types of traders. The article discusses the concentration of positions and the potential for manipulation, as well as the ongoing battle between Western and Asian traders in influencing gold prices. Additionally, it highlights the role of gold as a hedge against declining faith in central banks and the increasing interest in buying gold bars, particularly among millennials.

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