Gold Bulls Increase Their Positions to the Highest in 9 Months

Although, physical buying of precious metals never backed off; money managers are finally waking up and putting money into gold and silver. Although, the catalyst might be the possibility of a Syria strike, gold and silver are showing higher lows and higher highs which is a very strong technical indicator.

Out of the 23 analysts surveyed by Bloomberg, 12 are bullish and 6 are neutral which is refreshing positive change for the precious metals sector.