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home / news releases / GLDI - COT Data Signals Bottom Is In Place Or Close

GLDI - COT Data Signals Bottom Is In Place Or Close

Credit Suisse X-Links Gold Shares Covered Call ETN
  • While Banks and Commercials ostensibly remain heavily short Gold, Hedge Funds have slashed their net long position to 62k contracts.
  • Swaps and Other Reps' combined net short position of 54k contracts is almost the mirror image of the Funds’ net long position of 62k.
  • Positioning is sufficiently neutral for a major low or at least a healthy bounce.

For further details see:

COT Data Signals Bottom Is In Place Or Close
Stock Information
Company Name: Credit Suisse X-Links Gold Shares Covered Call ETN
Stock Symbol: GLDI
Market: NASDAQ
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