Tops are more likely when the little guys are falling over themselves to get into a market. Lately small specs holders in the gold futures market are the most bearish they've been on gold for over 5 years. Small specs are seldom right.
The gold price may drop tonight and WGX may continue to fall tomorrow but no one can deny this is an intriguing area of value for longer term holders.
WGX Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
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