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Factors driving gold – COT report, options expiration, North Korea, Fed policy

Cory
September 22, 2017

There are many factors that drive gold, especially in the short term. Craig Hemke joins me today to recap some of the short term drivers that we are watching. We look at the COT reports that have shown institutional traders are still quite shorts. Also considering option expiration is next week there is a good chance gold is held around this $1,300 level. the last two factors we touch on are North Korea and Fed policy.

Click here to visit Craig’s site – TFMetalsReport.com.

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Discussion
19 Comments
    Sep 22, 2017 22:42 AM

    No lines for I phone…….Fangs in the dark……..8 nobody caren…..
    http://www.zerohedge.com/news/2017-09-22/its-not-just-china-no-lines-new-iphone-8-virtually-anywhere

    Sep 22, 2017 22:55 AM

    Next big story………THE DAMN RENT IS TO HIGH……..jmo

    Sep 22, 2017 22:01 AM

    PVG and NSRPF are soaring today, and MUX may have found a bottom…

      Sep 22, 2017 22:18 PM

      I actually have starting building a position in MUX down at these levels.

    Sep 22, 2017 22:11 AM

    Thanks Cory for your discussion with Craig. He has as good of a grasp of why gold price acts as it does as anyone. Always enjoy hearing what he has to say.
    Here’s Adam Hamilton’s latest. He provides some interesting comment on the QT Mother Yellen announced this week. Personally, I doubt if the QT will ever get to the 50B per month in Oct. of 2018. When the markets start down in earnest, we’ll see some quick back-peddling. http://www.321gold.com/editorials/hamilton/hamilton092217.html

    CFS
    Sep 22, 2017 22:32 AM

    One senile RINO fossil, Vietnam traitor, needs to be buried:

      Sep 22, 2017 22:55 AM

      Amen CFS!
      Let’s not forget John McCain spreading the Anthrax lie on Letterman.
      https://www.youtube.com/watch?v=jMiDXoYJbN4

        Sep 22, 2017 22:06 PM
          Sep 22, 2017 22:07 PM

          Why is Jamie Dimon so worried about Bitcoin?

            Sep 22, 2017 22:37 PM

            Where was the first Anthrax letter delivered to?
            Who bought the building after it was condemned?
            Don’t hate the messenger.
            Hate the message.

            Sep 22, 2017 22:00 PM

            Jamie Dimon knows they can control Gold,not for monetary reasons but for sentiment.
            The repeal of the commodities modernization act in 2000 guaranteed this.
            Bitcoin is another story.

        Sep 22, 2017 22:00 PM

        McCain the liar-traitor deserves to die, the sooner the better for America.

      Sep 22, 2017 22:54 AM

      Because he is a buddy with Graham I never thought he would take this stance. At least the man stands for something, whereas many of the others on his side simply ‘want a win’, regardless of the contents of the legislation. Now if Collins and Murkowsky hold their ground…………..