Gold price Explosion imminent?

My fellow Steemians,

Last week we witnessed a record number of short contracts on the Gold Futures (red line on chart).

Investors are very clear in their conviction: the gold market will never turn around!

Never say never. When the gold market is left for death and sentiment is ultra low, usually the opposite happens.

All signals point to an historical bottom and a phenomenal rally in the gold market.

Last time the short positions peaked, the gold price increased more than 30% in several moths time.

It wouldn't surprise us if this time gold goes much higher due to the record shorts.

If the gold price receives an impuls of 50% from current level, then you talk about $ 1,800 and more soon!

Thank you for reading!

_slimbeleggen