The ‘smart money’ is turning bearish on gold right now

From Jeff Clark, Editor, Stansberry Short Report:

The gold market is poised for a short-term reversal.

Gold has been on a terrific run since it bottomed at about $1,050 per ounce in December. The metal rallied to close at more than $1,270 per ounce last week. That’s a gain of more than 20% in just three months.

Gold stocks have done even better recently. The Market Vectors Gold Miners Fund (GDX) is up around 55% since mid-January.

But all rallies eventually end. And it looks like the next few weeks could be rough for the “gold bugs”…

Back in November, I showed Growth Stock Wire readers that the commercial traders were getting bullish on gold. The development was a strong sign that gold’s decline was nearing an end and a rally was coming.

You see… commercial traders are the so-called “smart money.” They’re merchants, miners, explorers, or bankers in the…

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<