I agree with your assessment. It is a very interesting chart, short bets have increased, probably to capitalize on a possible share price and gold price retracement.
However with Trump's temperament, the South China sea issue will likely flare up and the people he has put in place in his cabinet, Trump is most definitely pursuing a protectionist agenda and consequently start a trade war with China. IMF has already warned that a trade war with China will be bad for the US economy.
With all these uncertainties, the NST shorters are on the wrong side of the short term gold price trend and hence a short squeeze.
NST - Short Squeeze is comming, page-2
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Last
$16.13 |
Change
-0.460(2.77%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.33 | $16.66 | $15.93 | $140.0M | 8.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19821 | $16.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 4100 | 3 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
