With gold languishing near deep secular lows, its technicals look hopelessly broken. Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely. But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces Extreme record shorting by American futures speculators spawned these artificial lows Gold’s imminent short-covering rally should be the largest ever, coming from record extremes Gold in USD – 1 Year This morning, gold is 0.1% higher to $1,096 per ounce. Silver is up 0.74% to $15.02 per ounce. Platinum and palladium are 0.74% and 0.5% higher to $973 and $607 per ounce respectively. Gold’s Artificial Lows – Price Surge Coming With gold languishing near deep secular lows, its technicals look hopelessly broken Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces Extreme record shorting by American futures speculators spawned these artificial lows Gold’s imminent short-covering rally should be the largest ever, coming from record extremes Continue reading about Gold’s Artificial Lows