Thursday, February 25, 2016

Pessimism Turning To Optimism In Gold

Gold's recent strength is beginning to raise eyebrow across trading desks. A string of bullish setups from November 2015 to early January 2016, an indication of stored energy necessary to change the trend, is driving the rally that's turning pessimism into optimism. While this optimism urges caution over the short-term, it must be framed within a broader message defined by price and leverage trends. Please consult the latest Review of Gold for further discussion.

Headline: A Big Bet on Gold Is Getting Crowded

Gold is once again glittering on Wall Street.

Big investors such as billionaire entrepreneur Mark Cuban are trying to take advantage of a recent rally in gold prices by buying bullish derivatives on a popular exchange-traded fund that tracks the yellow metal.



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