Small-specs… don’t leave us yet!
My go to small-speculators are ditching gold… now out of my “bull power zone”…
This seems a good time as any for them to change their minds and get back on board!
Edit: Adding silver
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Patrick
I have always heard the small speck in the futures market are fodder for big moves . They are a contrary indicator.
They get scared out easily because they cant stand loosing with this amount of leverage.
Ever since I have been in Gold This has been the mantra. Makes perfect sense.
They could very well be fodder… but the important is seeing the behavior of price action of gold while the small specs positions are moving about. See all my previous posts on this.. when the net positions is above total shorts… gold has been in a bull market.