Gold sentiment: room for more bulls
Last week we wrote about the propensity for mild corrections in the early stages of Gold bull markets.
Neither Gold nor the gold stocks have moved far enough to anticipate a sharp correction, and sentiment-related indicators reveal only a moderate increase in bullish sentiment in the face of a $300 rebound in Gold. Gold has traded within 6% of the all-time high, yet the net speculative position remains below 200K contracts and well below positioning at the 2022 peak, 2019 Gold breakout, and 2016 peak.
When the Gold prices rises, ETF demand usually increases. The chart below plots the Gold price and the ounces held in the GLD ETF.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PCE disinflationary but metals flat - rate hike nextKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Peru’s Dina Boluarte exhorts Congress to advance elections amid anger over deathsThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Canadian baritone Brett Polegato talks about The (R)evolution of Steve Jobs, an opera that does not take the shine off the appleThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Canada's Megan Oldham makes freestyle history winning X Games goldMegan Oldham of Parry Sound, Ont., won Winter X Games gold in women\u0027s freestyle big air Friday.
Read more »
Canada's Megan Oldham makes freestyle history winning X Games goldMegan Oldham of Parry Sound, Ont., won Winter X Games gold in women\u0027s freestyle big air Friday.
Read more »
Canada's Megan Oldham makes freestyle history winning X Games goldMegan Oldham of Parry Sound, Ont., won Winter X Games gold in women\u0027s freestyle big air Friday.
Read more »