On the heels of some fireworks in the gold market this week, along with the mining shares, are we seeing signs that a new gold rush is now taking place?
Today KWN will be interviewing legendary Barron’s Roundtable Panelist Felix Zulauf…
But first, the following commentary is from Jason Goepfert at SentimenTrader: Traders have moved than $750 million into the main gold fund, GLD, over the past week
Inflows are a good thing as long as they don’t become extreme. This weekly flow is the 2nd-largest since 2012, and it hasn’t taken much of an inflow in the past few years before sellers returned…
SentimenTrader continues: Short-term sentiment on gold and miners is getting stretched, and if it can shake this off and hold steady, then it will be one of the first such signs of longer-term buying interest in more than three years.
It is also worth noting that legendary technical analyst Louise Yamada just this week said her work showed that gold is now under “accumulation” in a saucer pattern.
Felix Zulauf
King World News
February 5, 2016