CFTC CoTs: Managed Money No Longer Driving Price Moves - SchiffGold.com
CFTC CoTs: Managed Money No Longer Driving Price Moves - SchiffGold.com
Source: SchiffGold.com
―
DW NOTE
Managed-money futures positions stopped predicting spot price moves around the time algorithmic traders began front-running position reports and central banks started intervening in currency markets to suppress volatility. The correlation broke because the data became the trade — and because the premise that leveraged funds lead physical markets was always backwards.