31.07.2012 - Gold ETFs, futures tell different stories
All it took was a roughly 2% rally last week above $1,600 an ounce to trigger stories with headlines such as “Is gold getting ready for take-off?” However, gold ETFs and the futures market are painting different pictures on gold sentiment. Bulls argue gold could make a powerful move higher because sentiment on the precious metal in the futures market is at the lowest level in several yields. In other words, the crowd is usually wrong and there are plenty of traders who could chase a rally...............................................Full Article: Source
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