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This is what happens with 100% bullish on gold.


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#1 Rogerdodger

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Posted 17 April 2020 - 11:39 AM

Last week's KITCO poll showed 100% of professionals were bullish on gold and I wondered," who could buy if everybody is in already?"

 

Looks like few did, and a few of those bulls sold with gold looking to close the week lower.

They were right during the early part of this week, with June gold peaking at $1,788.80 on Tuesday. Since, however, the metal has slipped to $1,704 shortly before 11 a.m. EDT on Friday, leaving the contract down 2.8% for the week so far.

 

Next week could see more action in both directions:

 

Kitco Survey
 

During the last two weeks, 100% and 92% of the market professionals who take part in the poll gave bullish short-term outlooks on gold.

This time, only 47% of the participants are bullish, with seven out of 15 voters saying they expect the metal to rise next week. Six voters, or 40%, called for lower prices, while two, or 13%, were neutral.


Edited by Rogerdodger, 17 April 2020 - 12:54 PM.


#2 dasein

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Posted 29 April 2020 - 09:20 AM

still looks ok Roger - hope you are not near Springer OK?  messaging is off for you


best,
klh