ETF Daily: Gold Rollover, USD are in Driver's Seat

 

ETF Flows By Industry

source bloomberg

 

 

Fed, First Notice, and USD Are in Driver's Seat

  • Rate hike potential will sit on mkt
  • First notice is Friday- Roll or puke is the game for funds
  • Fresh buying needed to reverse momentum lower.
  • This will not correct itself without event driven buying

Commodity MTD Totals

 

Open Interest

  • Gold OI: Preliminary open interest now 586560
  • Silver OI: 203718
  • Option OI Post Expiration- not much effect on futures OI
    • Gold Option OI now 1,036108 after yesterdays 1,196564
    • Silver 203,718 was 204670

Gold Term Structure

  • Dec-Feb gold= 370
  • Oct-Dec 400 was 440

h/t  and recommend follow:  George Gero @futuresgeorge on Twitter

     

     

     

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