Mike “Mish” Shedlock: Speculative positioning in gold is at a 5-year low on little over a 30% drop in price. That is hugely negative sentiment for such a routine drop. Bull markets do not end that way. They end with the masses becoming true believers.
I strongly suspect the bull market in gold will not end until after the public embraces gold in a major way.
Read the complete article at MISH’S Global Economic Trend Analysis here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.