Open interest for all Comex gold futures is around 435,000 contracts, says George Gero, vice-president, Global Futures, RBC Capital Markets and precious metals strategist, with a number of new short positions included in that figure. That level is similar to 2009 figures, he adds. “We were about 100,000 higher months ago when gold was near highs, and before all the margin increases,” he says. “Option open interest has been very high until the last expiration and the December-February roll.” Open interest is the number of positions that remain in the market after the session closes. High open interest is usually a sign of liquidity.
Saturday, 17 December 2011
Comex Gold Open Interest Similar To 2009 Levels – RBC
Open interest for all Comex gold futures is around 435,000 contracts, says George Gero, vice-president, Global Futures, RBC Capital Markets and precious metals strategist, with a number of new short positions included in that figure. That level is similar to 2009 figures, he adds. “We were about 100,000 higher months ago when gold was near highs, and before all the margin increases,” he says. “Option open interest has been very high until the last expiration and the December-February roll.” Open interest is the number of positions that remain in the market after the session closes. High open interest is usually a sign of liquidity.
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