Wed, Apr 16, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold’s next stop is $1,100: Ned Davis Research

Posted on 28 June 2013

As gold’s price is perched this afternoon at just above $1,200 per ounce, Ned Davis Research sends over the argument by commodity analysts John LaForge and Warren Pies for why we may see $1,100 before long.
Short answer: Speculators are pushing. Hard. And they’re getting close to the long-term trendline. Here’s NDR’s chart of exchange-traded fund outflows plus the notional value of large speculators’ net positioning in gold futures………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34604 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930