where is that gold god dude? he was always bullish on it.
The Chart That Best Illustrates How Gold Was A Bubble
The bubbles in the chart below represent the total market value of all positions in the gold futures market (open interest multiplied by price). The last time there were fewer open contracts on gold in the futures market was four years ago, when gold was trading under $1000 an ounce. What does this mean? Investor interest in gold has waned dramatically since prices peaked in 2011. The flip side of this, of course, is that seven years ago, there was nowhere near this much activity in the gold market. Miller Tabak Chief Economic Strategist Andrew Wilkinson writes today in a note to clients: The current reading of open ... (full story)
- Posted: Jun 26, 2013 8:32pm
- Submitted by:Category: Fundamental AnalysisComments: 46 / Views: 4,506