Dave Kranzler: Western central bank fear of gold is in the air

Section:

By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 3, 2017

Ballooning open interest, heavy fix selling, aggressive post-settlement selling, flash crashes -- this all seems a lot of bother. Perhaps the Other Side is afraid of something.

-– John Brimelow's Gold Jottings.

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Wednesday evening at 7:06 ET, one of the least liquid trading periods of the 23-hour trading day for Comex paper gold, a “motivated” seller unloaded 10,777 August gold contracts into the CME Group's Globex trading system, knocking the price of gold down $9 in 25 minutes. There were no obvious news or events reported that would have triggered any investor to dump more than 1 million ounces of gold with complete disregard to price execution.

Rather, the selling was the act of an entity looking to push the price of gold a lot lower in "shock and awe" fashion. The 10,700 contracts sold were just the August contracts. There was also related selling in several other contract months. To be sure, the total number of contracts unloaded included hedge fund selling from stop-losses triggered in the black boxes of momentum-chasing hedge funds. ...

... For the remainder of the report:

http://investmentresearchdynamics.com/western-central-bank-fear-of-gold-...



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