Gold Open Interest Continues Collapse As Silver Open Interest Keeps Climbing
Something Very Weird Is Going On
Summary
Open gold contracts fallen again Friday to just above 400K, nearing a 5 year low.
Silver open interest though keeps climbing, with the potential for either a short squeeze or a quick selloff.
Daniel Oliver predicts the incoming second wave of rising consumer prices and warns of the potential for a quick move away from the dollar.
Open Interest Conundrum
12,061 gold contracts have closed over the past two days. Open interest is down to an incredibly low 407,111. We could hit the 400K mark any day. We have only hit that number once since the gold bear market ended in 2015, and that was just prior the breakout of the 6-year trading range, below:
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