“The positioning of the money managers, or “funds”, in the gold futures market is at extremes that have typically led to massive rallies in gold. At the close of 1288 on Tues, this would mean a rally to somewhere between 1378 to 1455. . . .The positioning of the money managers, or ‘funds’, in the gold futures market is at extremes that have typically led to massive rallies in gold. They are usually net long, but as you can see from the table below, when their net long position is sufficiently low, it tends to lead to significant rallies in the price of gold.”
USAGOLD note: This positive assessment is the perfect introduction to our May special offer: A quartet of difficult to obtain historical gold coins from Europe at bargain prices. This offering is small compared to others we have offered. Orders will be filled on a first-come, first-served basis.
(Image = British Sovereign, Queen Victoria Young Head, Minted 1871-1885, only 100 available).