Featured quotes from the report: Gold continues to not attract safe-haven interest, even though parts of the global financial system are stressed. International investors see the US as the go-to destination for safe investments. – Lingering uncertainty as to the fallout from US trade disputes. – The rise in distress […]
Uncategorized
Gold Lull To End By Late-September – State Street Global Advisors
State street says: “Looking ahead, Milling-Stanley said that the market could recover just as quickly as it sold off. He added that gold prices could climb back to $1,350 by the end of the year, but said that the first hurdle comes in at $1,250 an ounce.” Read full article […]
Record Short Position In Gold Is About To Get Wiped Out
Another great article from Cliff Droke at Seeking Alpha. “The last time we saw this record short position in gold was at the end of 2015 before a powerful rally. The record short position is actually now even greater than the end of 2015 and coincides with the tech bubble […]
WGC: Technical Fundamental Reasons Support Higher Prices
The World Gold Council “In recent years, a large increase in short positions has been followed by a sharp rally in gold. And while net shorts were more prevalent in previous decades, there have been structural changes. These make the positioning levels different and likely short lived,” Read more >> […]