And specs are super long in gold: 2.59x 1 year & 3.35x 3
year Z-Scores as of Friday's CFTC release. With the USD at -2.11x
1 year you are buying very high expecting gold to go higher
here without more relief and a good setup first.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
And specs are super long
JP Morgan predicts $1400 Gold in 2016
Posted by a_l_ on 11th of May 2016 at 07:05 pm
And specs are super long in gold: 2.59x 1 year & 3.35x 3 year Z-Scores as of Friday's CFTC release. With the USD at -2.11x 1 year you are buying very high expecting gold to go higher here without more relief and a good setup first.