Smart Money is Aggressively Buying Gold

Smart money is aggressively buying gold in a way that resembles exactly what takes place before a bull market stampede into gold!

When gold bottomed on September 28th at $1,615 per oz, gold’s managed money long position simultaneously hit a new 6-year low of 78,540 contractsGold’s current managed money long position (as of this past Tuesday) of 122,652 contracts remains below the long-term median of 135,225 contracts.

Historically, when gold’s managed money long position bottoms at an extreme low of between 76,071-79,529 contracts, not only does it rapidly return to the long-term median, but it continues trending upward to an eventual peak of between 278,286-300,070 contracts.