| 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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