Gold Bears Beware: Here’s The Over-Crowded Trade In Gold Explained In 60 Seconds

Traders have turned bearish, but there’s a catalyst that could jump start the next rally as early as this week. Here it is explained in sixty seconds…

by Frank Holmes of US Global Investors

Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. Frank explains why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought. Federal Reserve Chairman Jerome Powell will be speaking at Jackson Hole on Friday and Frank believes his remarks could be a market-moving catalyst.

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