When sentiment is as bad as it is for the metals and the COT (commitment of Traders) weekly report show speculators have the least numbers of net long futures contracts since December of 2015, there is little chance gold takes this kind of a dump. The market always moves in the opposite direction to the dumb money speculators at their extremes .
When sentiment is as bad as it is for the metals and the COT (commitment of Traders) weekly report show speculators have the least numbers of net long futures contracts since December of 2015, there is little chance gold takes this kind of a dump. The market always moves in the opposite direction to the dumb money speculators at their extremes .