Hey look, I am hanging out there with a publicly stated positive risk vs. reward scenario on this barbarous hunk of do-nothing metallic stability. So consider the source when reading this post.
But I can’t retract that no matter how much of a dog the thing acts like in the short-term because the public is certainly in no mood to favor gold. From Sentimentrader…
And while they’re at it, they are not liking silver much either these days.
The post linked above noted favorable seasonality, constructive CoT, fund managers with utter hatred about gold and Gold Newsletter writers who a few weeks ago were well on their way to building a wall of worry. Price is price and risk vs. reward is a whole other thing. But it’s positive.
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