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San Diego | gold can often make a turn off of options expiration, as the market makers will put prices where it expires the most options worthless... also in the money options held will become a futures contract on re-open, so the boyz will often yank those holders right out of the new positions!
http://www.barchart.com/futures/expirations.php?view=options
gold has the 200-day MA right on the 1300 round number, so things are getting interesting!
here's a statement on the ags, but it has been the same on fund longs in crude oil, gold, you name it across commodity land:
In recent weeks funds have gone from net short in total Ag position to net long and are seen holding largest combined net long in the grains and soy complex since 2012. Fundamentals have supported some of this reversal from net short in corn and wheat as demand and weather have offered support but sharp shift has market trimming risk with long range fundamental outlooks both domestically and globally still bearish.
cheers!
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metals futs op-ex today GC SI HG NG
