CLICK ON CHART TO ENLARGE
This chart looks at the current position of “Smart Money Hedgers” from Sentimentrader.com and Gold futures over the past couple of years.
In late 2015, smart money hedgers established a big bet, believing that Gold would trader higher. They were correct, as Gold rallied nearly 30% in the next 6-months.
Joe Friday Just The Facts Ma’am– Smart money hedgers have established a big bet that Gold will rally (same size bet as 2015). This is taking place as bullish sentiment on Gold is hitting one of the lowest levels in years (18% bulls).
Will it be different this time? Did Gold create a bullish reversal pattern last week?
If you would like to get weekly charting opportunities in Gold, Silver, Copper, and Miners, we would be honored if you were a Metals Member.