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S W
Member since May 2012
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Speculative Gold Bets at 5-Year Low; Metal Will Get “Crushed” Says Credit Suisse

- Mish - Global Economic Analysis

Totally agree with Mish here.
However, as I mentioned before, gold could go to approx $1100 and still be in an uptrend ,when looking at a monthly chart.

Commented 3977 days ago

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Beginning of the headline :Sentiment is never a perfect timing instrument.Yet, with Hedge Fund Bets on Gold at Five-Year Low I am comfortable stating the gold bull market is not over. Hedge funds are the least bullish on gold in more than five years as speculation about the pace of money printing by central banks whipsawed prices, driving volatility to a 17-month high. Money managers cut their net-long position by 9 percent to 35,686 futures and options as of May 21, the lowest since July 2007, U.S. Commodity Futures T... Read More

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