Commodity Trade Mantra

Posts Tagged ‘Gold Net Longs’

Money Managers Long Gold Positions Near August 2011's Record High

Having fallen to a net short position as The Fed tried to convince the world it was on a path to normalization, money managers have piled into gold futures at a record pace. The last time gold “net longs” were this high was August 2011, from where prices tumbled despite a near doubling of The Fed’s balance sheet. There’s still a lot of fear out there, but will gold bugs now be sitting ducks?

Gold And Silver Getting Grabbed On Each Manipulated Slamdown

Currently gold is behaving similarly to the way it behaved back in 2003 when it was trying to punch through $400. The “overbought” garbage was permeating the media back then just like now. This market has been surprising everyone to the upside and will continue to do so. At some point the lemmings who blindly soak up the “market is overbought” fairy tale will be running to catch the train.

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