Tuesday, February 25, 2014

Why gold is rallying right now

There was a gigantic short position in Gold earlier this year. That would probably lead to a rally. Big short positions in anything often leads to a rally. 

We had this gigantic short position. We are having a rally. Its a bear market. 

Is the correction in Gold over ? I don't know. 

I suspect there will be another chance to buy gold. I certainly have not sold any gold. I dont plan to sell my gold until it turns into an eventual bubble, that it will turn someday.

via Goldseek interview