According to United States government data released Friday, speculators have continued to remain cautious regarding their positioning in precious metals. For the week ending on April 17th, speculators in the Commodity Futures Trading Commission released their net-long positions for gold, palladium, silver, platinum and copper for both disaggregated and legacy reports. In terms of disaggregated reports, traders added to their reports of gold and palladium, while they cut back their net-long positions of copper, silver and platinum. In terms of legacy reports, copper, gold and palladium increased, while silver and platinum were pared back.
For those that sell their gold items to online cash for gold companies like Cash for Gold USA, this is good news. Simply speaking, the value of gold is increasing both in the short and long term. Since Cash for Gold USA already offers more cash than virtually any other online cash for gold company, you’ll be golden. Pun intended!
Managed money accounts raised their net-long position on gold, lifting it to almost 113,000 contracts. By adding gross shorts and cutting gross longs, producers raised their position regarding net-shorts, and swap dealers reduced their net-short position by cutting more gross shorts than gross longs, although both experienced cuts in varying degrees. While some financial analysts invest in other types of precious metals, like palladium, silver, platinum or copper, gold remains a heavy hitter in the precious metal trading industry. Although the general outlook is at the lowest it has been since January and financial investors continue to display levels of pessimism, gold and palladium are the only two precious metals that are expected to grow in both the long and short terms.
If you’re unsure of when to trade in your gold for cash, there’s no time like the present. Although the process may seem complicated, long, and drawn-out, Cash for Gold USA couldn’t make it easier. All you have to do is visit our website, request a shipping label, send us your gold items, and wait for your check. Due to our quick turnaround rate, you won’t even have to wait longer than 24 hours. Unlike most other cash for gold companies, we have a 100 percent customer satisfaction guarantee. If you aren’t completely happy with the amount written on your check, all you have to do is return it to us within ten days, and we’ll gladly send your items back.
It’s quick, it’s easy, and there’s no time like the present to cash in on all the gold you’ve been collecting over the years. So, what are you waiting for?