Gold: Seasonality Bearish, Futures Turning Bullish
Early 2019 looked like a great set-up for gold, but failed to live up to its billing. A nice December-through-March run took the price back
Early 2019 looked like a great set-up for gold, but failed to live up to its billing. A nice December-through-March run took the price back
Huge recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to close
For at least the past decade the behavior of the people who trade gold futures contracts – and thereby determine the metal’s price – has
Back in September the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited
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