The CrushTheStreet Staff Is Consistently Researching The Most Important Investment Research. Our Goal Is To Magnify Your Financial Education At These Critical Times. Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!

It seems that several hedge funds and fund managers are starting to like the price of gold. First, the Bank of America fund manager survey shows Gold is “undervalued” for the first time since 2009. According to a survey conducted by the bank among fund managers, the number of managers considering gold overvalued is negative. That has not happened since the last quarter of 2008. The chart says it all.

Gold Undervalued According to

Next to that, we had the ‘shocking’ news last week that Stan Druckenmiller, one of the world’s most successful traders, recently bought $300 million worth of SPDR Gold Trust (GLD) through his fund. It’s a huge bet, even for a big-time trader like Druckenmiller, as he put 20% of his fund’s money into this trade. In doing so, his fund now has the largest position in GLD.

It really is no coincidence that this is happening right here, right now. Gold has gone through an exaggerated reaction. Market sentiment has been extremely negative, too negative to be realistic in fact.

As we have said before, bear markets beget bull markets. There are quite some signals that the tide is turning for precious metals. It’s a slow process though, and we should not exclude a retest of the recent lows.

Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!


Compound Your Wealth Daily
All Rights Reserved © Crush The Street, 2017
Gain insider knowledge and stay out in front of the trends!
You will receive an email with the link shortly.
Get the Exclusive Report on how to profit from Cobalt now!
** Press Enter To Submit if Subscribe Button Missing
Compound Your Wealth Daily
All Rights Reserved © Crush The Street, 2017
Gain insider knowledge and stay out in front of the trends!
You will receive an email with the link shortly.
Get the Exclusive Report on how to profit from Cobalt now!