Commodity Trade Mantra

Posts Tagged ‘Commodity Research’

With Fundamentals in Place, a Breakout & Compelling Technicals - Watch Gold Take-Off

We think the breakout in gold is here, the fundamentals are in place, and the technicals are compelling. The technical situation, in the dollar, flips off to the technical situation with the gold extremely well right here. If you get above $1,300 here, then you’ve got $1,377, and beyond that, this is a new gigantic structure type of bull market going on where gold will be going to new all-time highs.

Ugly-Stepchild To Beauty Queen - Gold ETF Holdings Surge To 18-Month Highs

Gold has “seen some exceptional flows after quite a few years of being the ugly redheaded stepchild, but it’s not moved into sort of beauty-queen territory,” notes one commodity strategist as hedge fund net-long positions are the highest since Feb 2015 and gold holdings in ETPs has soared to 18 month highs. Gold is now heading for a third straight monthly gain.

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