Funds Increase Bullish Gold Positioning, Pessimistic Toward Silver

From kitco.com

If you don’t like the gold market, just wait a week. Large speculators moved back into gold during the last reporting week for positioning data compiled by the Commodity Futures Trading Commission, although these accounts remained pessimistic toward most of the metals with more industrial characteristics, including silver, analysts said Monday. This continued a back-and-forth trend in the market prior to the breakout higher that occurred at the end of last week. Previously, gold had been range-bound, with speculators buying into dips but selling rallies. During the week-long period to May 28 that was covered by the ... (full story)