Read more on this subject: Gold and Silver
News Story Source: zerohedge.com by John Rubino
Starting with gold, the large speculators – who, remember, tend to be wrong at big turning points – got a little less optimistic, while commercials – who tend to be right at big turning points – did the opposite. But both groups are still in unfavorable territory, with the speculators too long and the commercials too short.
Looked at in a vacuum this is not good short-term news for gold.
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