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AAAU - Sentiment Speaks: What The Heck Is Going On With Gold?
Goldman Sachs Physical Gold ETF
Ever since I have been calling for a strong continuation rally in gold since November of last year, I have had one naysayer post to me after another.
I have had quite a number of them tell me that the COT presents too many commercial trader short positions to “allow” the metals to continue to rally. And, while gold has rallied 12% since that time, it seems no one has told gold about the COT positions. So, I guess the “reason” for gold’s rally in the face of strong commercial short positions is simply gold’s