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Bloomberg: Gold Traders most Bullish Since 2004

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Jordan Roy Byrne
The Daily Gold
Published : November 15th, 2011
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Category : Technical Analysis

 

 

 

 

According to Bloomberg, Gold traders are the most bullish they’ve been since 2004. The survey shows 21 of 22 respondents expecting Gold to rise this week. Gold is up 26% year to date and has benefited from the Euro debt crisis.


According to a Bloomberg survey, the median estimate of eight of the ten most accurate forecasters (of the past two years) is $1,950/oz by the end of the first quarter 2012.



Jordan Roy Byrne


Trendsman.com



Jordan Roy-Byrne, CMT is the editor and publisher of Trendsman.com. You can get a free 14-day trial to his Gold/Silver service by clicking here.

 

 















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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
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