Commodity Trade Mantra

Posts Tagged ‘Gold Pessimism’

Gold Proving Amazingly Resilient Despite Howling Headwinds

Gold has had a rough time, facing selling pressure from record futures shorting. The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing gold. But considering the howling headwinds gold has suffered in recent years, it has actually proved amazingly resilient, indicating strong latent demand due to accelerate as sentiment shifts.

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