03.09.2015 - There’s still too many gold market bulls
Gold market-timers have yet to throw in the towel, and until they do, bullion is unlikely to stage a powerful rally. This is one reason why gold’s rally earlier this week was so anemic. The stock market’s plunge certainly gave investors every reason to invest in gold as a safe haven. But, according to contrarian analysis, the “wall of worry” that bull markets like to climb is not yet robust enough to support a stronger rally. Just take how those timers reacted a month ago to gold’s falling to a new bear market low below $1,100. Surprisingly, they on balance remained more bullish than at many other times in recent years, even though gold on those occasions was trading at higher prices...............................................Full Article: Source
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