Precious Metals Bulls Are Back!
Big Al
July 9, 2014
As pointed out in this article hedge funds have drastically increases their exposure to the precious metals. Overall this should be a positive sign however as we all know, gold and silver are not screaming higher. That is a cause for concern in the shirt term. These hedge funds can shift out of investment so quickly that if they decide to dump a significant amount of these holdings it could send the metals sharply lower.
Here is the chart for gold…
Discussion
2 Comments
Jul 09, 2014 09:52 AM
Jul 09, 2014 09:24 AM
Sorry Cory, but from a technical point of view one should recognize the higher low, the sideways trend ,the right shoulder the left should the head (the low) and the neckline which you point out as your lower highs.
Sorry bud, but back to school for you.
Where is Mr. Doe Doe Bird
He’s going to love this.
But yet markets climb a wall of worry.
Yet after looking at the markets for years a person should start to catch on.
If mining is destroying the environment then the price can only go higher.
Just because one wants to believe he’s right all the time does not only ruin
opportunities but they end up short changing themselves.
Thats where apologies come in and you never hear it around here.
OK, I do apologize and sorry.