Video: Gold Speculators Are Least Bullish In Years
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Today we bring you two video interviews about the current state of the gold market:
Are gold speculators really the least bullish that they have been in years?
In this video we look at what the charts are suggesting. While gold speculators are almost always long the charts are showing that they are the least long that they have been in a while. Historically, when this has happened, gold has rallied.
Are we on the verge of the next move higher for gold?
What if gold goes lower and breaks $1,200/oz?
Gold is technically still in an uptrend with higher lows still being achieved. The strong support level at $1,200 has been breached since this video was recorded.
So what is next for the price of gold? Are we going to see a further leg down in the price or will it rally from here?
Stephen Flood CEO of GoldCore.com talks to Carley Garner of DeCarleyTrading.com and gets her interpretation of what the charts are suggesting.
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
