Speculators piled back into gold, it did not go well.
Indicators from futures, gold-backed ETFs, & options, suggest investors piled back into long gold positions but the metal closed last week lower, with gold facing headwinds from key events this week.
Subscribers may have noticed my absence over the past week. Unfortunately, I was unwell with a sore throat that managed to get down onto my chest, leaving me feeling under the weather. Anyway, I am feeling much better now and hope to resume publication this week.
In lieu of not posting, I am making today’s note available to all. I hope you enjoy.
Peter
