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S W
Member since May 2012
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Open Interest; Discussing the Fallacy…They DON’T Always Foretell Higher Prices

- Dan Dontrose - The Fundamental View

All well and good when simply discussing one(1) contract swapping sides.

If I enter the futures market selling 100,000 gold contracts at market ( naked or not) I am fairly certain the price will be pushed lower.

Now if you are of the 'fundamental view' that the world economy is just fine and that the reported $1 QUADRILLION worth of digital derivatives is SAFE and risk free, and that you have a secure job with money in the bank ( ha ha), whatever you do, DO NOT buy anything.
Just leave gold and silver alone and let those who know value buy the stuff at bargain prices.

Commented 4029 days ago

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Beginning of the headline :I got the idea for writing this post yesterday afternoon when I saw a full precious metals ultra bull site talking about the “surge” in silver open interest and got a little perturbed with how this information was being used to suggest to their readers that this was a bullish sign, setting up for higher prices in silver in particular. I was a little late in publishing it, after witnessing today’s bloodbath in the metals space, but, I think the point is actually visualized better now in light o... Read More

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