In direct contrast to the “euphoria days” of 2011, most investors have now turned bearish on gold after experiencing a multi-year bear market. Contrarian investors—who generally invest against the consensus or the crowd—argue that’s a good sign and believe the bear market in gold has likely reached an end.
One way to determine this is by looking at the behavior of retail investors, who are much smaller, speculative buyers, vs. the wholesale market, who buy much larger quantities and, often, when prices are more attractive.
….also from Financial Sense:
Oil Jumps as Saudis And Russians Agree to Extend OPEC Deal Into 2018
