Gold Could See Tradable Bottom Soon
Jack Chan | Aug 02, 2015 03:08AM ET
This chart clearly shows how speculators are positioned in both a bull and bear market.
Currently net long at 24k, should see a tradable bottom soon.
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Long term – on major sell signal since Mar 2012 when HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 5/16.
A tradable bottom should be in progress soon, be patient.
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