Gold, page-3328

Gold setting itself up for a dramatic move
"Investors have backed away from crisis investing and there's a great deal of uncertainty and discomfort on the part of investors but it's not showing up as virulent demand for gold and silver as it had been (in years prior) and that's kept the price low and has allowed the price to move even lower in the second half of this year. Going forward, we think that that's going to continue for a while but that over the course of 2016 investors will perhaps start to revive their interest in gold and start buying a little bit more especially as the US election nears which I think will create a lot of uncertainty and concern on the part of investors. And that the gold price will move moderately higher in 2016 but be basically setting itself up for more dramatic moves beyond 2016.”
Record short interest in gold and commodities
“(There’s been) an influx of new investor money into the commodity space but it's being manifested on the short side of the market right now because a lot of these guys are technically driven or they use computer generated buy and sell signals and the computers say if you want to be active in the commodities market right now the best way to profit is to be short. At some point those computers tell those investors lighten up and when they do, they don't leave the commodities market, they go long...so we think there could be a boomerang effect on the price as this record amount of short open interest—a large portion of it—flips to the long side…”