Good News: Gold Speculators Haven’t Been This Gloomy In 13 Years

Gold bugs may finally be getting the good news they’ve been waiting for: gold Speculators haven’t been as pessimistic as they are now since 2002. True, the best news for gold bugs would be rising gold prices. However, to establish the conditions capable of supporting rising gold prices, investor sentiment towards the metal needs to first become exceedingly pessimistic. If that sounds backward to you, that’s how markets work.

Good News: Gold Speculators Haven’t Been This Gloomy In 13 Years