Gold to bounce soon?

Discussion of the Gold portion of the Permanent Portfolio

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Gold to bounce soon?

Post by pugchief » Thu Jul 05, 2018 12:39 pm

Technically, gold is massively oversold. It has dropped from $1,360 to $1,240 an ounce since mid-April. By all conventional technical measures, it is due for a bounce.

Seasonally, gold tends to fare best between July and October. If you want to bet on the yellow metal, this is the time of the year to do it.

Finally, sentiment toward gold is near a 10-year low.

The latest data from the Commodity Futures Trading Commission shows that money managers are net short gold futures for one of the few times in more than a decade.

And when money managers have been short gold in the past, it returned an average of 13.4% over the following three months.

None of these factors alone are enough to tip the scales in favor of gold. But taken together, they offer a robust risk-versus-reward trade.
The whole article here: ... into-gold/
Warning: The author is negative on gold in general and says so in the article.
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Re: Gold to bounce soon?

Post by dualstow » Thu Jul 05, 2018 1:22 pm

This is for people getting in and out of gold, right? Not real investors.
(article author) If you want to bet on the yellow metal,
And look to ride it until the gold price hits $1,370.
On not looking: sometimes I think the sum total of my accounts has become my Precious. We likeses it too much, yes we do.
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