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Opinion: How some investors knew gold was about to slide | The Mesh Report

Opinion: How some investors knew gold was about to slide

Mike Hammer November 8, 2019 Comments Off on Opinion: How some investors knew gold was about to slide

The gold market’s exuberance is catching up with the yellow metal. December gold futures slid 1.8% on Thursday, building on losses earlier this week and setting up the potential for gold’s steepest weekly decline since May 2017.

All told, bullion GCZ19, -0.05% GC00, -0.05%  is now almost $100 lower than where it stood two months ago, when I wrote that excessive optimism among the gold timers meant that gold’s near-term direction was down.

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