RE: Here we go again with "gold advisors""Nobody will call you a fool for takin profits"
This speculative rally in gold is still not bought in by the commercials(Bullion houses, Banks, miners etc..). Commercials are net short about 160,000 contracts. The net short position in gold futures is almost identical as what is what it was in April of this year, following month MAY gold bottomed at $373, along with the HUI at 173 or so. I expect Open Interest futures will collapse in the near term
You can bet this rally will not take off until the commercials are onboard....
imo