CFTC: Swap Dealers Barely Participate Again

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: includes CTA analysis at bottom* Normal variation/ Trend week* 1st day was the tell* 50 higher and the banks sell 4k???? 50 lower thy buy 17-20k.. lol.. * We have to go up with behavior like that until the events* last 3 days spec funds and CTAs chasing momentum.. with macro-d selling to them* banks nibbled on option trades.. and got burnt again* Sell some gold buy some bitcoin now.. forget oil it seems* position update* CTAs definitely are adding again..This is the hottest of hot money* Discussion: Why Gold Vol is cheap right now (see last chart)There is no reason to be short still.CTAs are long and getting longer in Gold.