This is Where Gold Turns
The gold market could be set up for a fantastic short-covering rally after funds built up a historically significant short position while the smart money like physical producers and merchants remain hesitant to hedge at these prices.
The smart money has pushed the net bullish position to the most bullish level since the gold bottomed out in 2008. This could be a signal that gold and silver prices are bottoming.
Keep a close eye on the $1,400/oz. level, if gold can close the week above that level, we could see shorts being stopped out with new longs entering the market.
Stay tuned and buy for the long term!
Exciting new free trading feature available!
July 3, 2015
Top 5 Common Uses of Silver
October 4, 2016
Canada's 150th Anniversary Coins Unveiled
November 22, 2016
2017 ½ oz Canadian Maple Leaf Silver Coin
January 24, 2017
2016 Gold Prices (Yearly Recap)
January 10, 2017
2017 ½ oz Canadian Maple Leaf Silver Coin
January 24, 2017
2016 Gold Prices (Yearly Recap)
January 10, 2017
2016 Silver Prices (Yearly Recap)
December 20, 2016
Canada's 150th Anniversary Coins Unveiled
November 22, 2016
A Monthly Recap of Silver Prices (October 10 - November 11, 2016)
November 15, 2016