• What's Holding Gold Back?

    2 monthes ago - By ETF Daily News

    From Jordan Roy-Byrne : Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels.
    The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally.
    While the combination of the net speculative position and daily sentiment index was near its lowest point at the end of 2015, Gold enjoyed its best gains then because its fundamentals turned and remained bullish. Real interest rates declined as the...
    Read more ...