Gold is “an overcrowded trade that’s overextended by every technical metric,” Nicky Shiels, head of research at precious metals refiner MKS Pamp SA, wrote in early October, getting ever more overbought. The reckoning came last week and extended losses this week, with the precious metal back below $4,000... {chart} The crash that everyone saw coming has now dragged the commodity well off the ledge of overboughtness... {chart} The 'dip' has, however, brought out a new wave of buyers - from retail lurkers to central banks finally waking up. Amid pictures of lines outside gold stores around the world flooding social ... (full story)