Huge Recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to out their historically extreme short bets. this has led to a correction since we had reached a monthly time frame demand zone. Will be looking closely to add on short contracts.
I have been writing about my Bullish opinion of
Gold for the last couple weeks because
of a fundamental opinion shift of mine
that the dangers of overvalued stock valuations,
the breakout in interest rates, the deepening concerns
about global growth and the political instability throughout the world
would foster a new "risk on" investment climate that we have...