ssi_GOLD_body_Picture_18.png, Gold Prices Stuck in Downtrend

GoldForex speculators remain fairly neutral Gold prices versus the US Dollar, and relatively choppy price action leaves the year-long downtrend intact.

Trade Implications – Gold: Last week we cited a build in forex crowd selling as a key reason on why Gold may outperform versus the US Dollar, but we’ve failed to see real follow-through on positions or price. We’ll wait for further clarification in positions before staking out a stronger trading bias.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

Facebook at