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

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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.

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