Hedge funds’ bullish bets on gold jump to four-year high
Hedge funds and other large speculators boosted their net-long position in gold.
This week’s interview on Palisade Radio, which conducts discussions with top experts in junior mining, features returning guest Jeb Handwerger, editor of Gold Stock Trades.
Palisade Radio says:
When asked what the current geopolitical landscape spells for commodities, Jeb says that all the uncertainty in the world right now is fuel for the precious metals and the energy sectors. Looking back on history, Jeb claims that the invasion of Iraq in 2003 proved to be a huge boost for the junior resource companies and precious metals.
Jeb points out that everyone that is in the natural resource sector, are fortunate, because they can take advantage of all of the uncertainty in the world right now.
Some of the charts of the junior miners are showing an inverse ‘head and shoulders pattern’, equal to a bottoming pattern, and Jeb believes we are at a potential turning point for the junior mining equities. This could signal a final turn from a secular bear market that has lasted since 2011, to beginning of an uptrend which could last 4 to 7 years.
To listen to the interview, click here or see below.
