Interesting divergence with GDX holding 5% above its lows while Gold is making new lows. The stock traders are not buying it. In the futures the hedge funds are net short and the commercials are net long for the 1st time since 2006. With gold currently in backwardation my money is on the commercials and the stock traders. Stay long![]()
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NCM/GOLD -> is the time now?, page-21
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