Open Interest In Gold And Silver Futures Markets In Total Collapse As Masses Flee Metals

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The masses have lost interest in gold, silver, and mining stocks and that suggests that the current sideways consolidation phase that they are in will lead to a new big bull leg up.

That moment will start, most likely, after one of the Federal Reserve rate decisions. The GDX/GLD ratio continues to remain firm, going sideways, to suggest that the consolidation period is not a major top, but a buying zone.

Here is a long-term chart of gold.