Commodity Trade Mantra

Posts Tagged ‘Gold Market Participants’

Gold Price Declines and the Grave Dancers

We regard the excessive grave dancing & the utter conviction with which gold is declared to be “doomed” as an outstanding contrary indicator. It means that a major trend change has to be very close. This is not to say that gold cannot fall further in the short term – but the long term outlook has greatly improved by the three waves of extreme bearish sentiment we have seen since 2013.

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