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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


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