The gold market is in a funk. And if you have an internet connection, you don't need me to remind you.
The gold price can barely keep up to the $1,200 mark, and the trend doesn't look too friendly.
Managed money short positions continue to hit record bearish positions in the weekly commitment of trader's reports. Below is a chart showing the current short position for non-commercial short speculators.
Investor sentiment is very low. According to data from SentimentTrader published last month… "Optimism on gold, silver, and platinum now ranks among the lowest in 27