Today the top trends forecaster in the world, Gerald Celente, told King World News that the big money is buying gold again!
Big Money Buying Gold!
November 17 (King World News) – Eric King: “Gerald, I’ve never seen you so aggressive in saying that gold was forming a bottom (at $1,200). Now gold is trading at about $1,225 and King World News released the piece showing that the commercial hedgers are now right on the border of being net-long the gold market for one of the few times in the past 17 years and very close to being net-long silver as well. But the gold market, the trade seems to be trending your way and the big, big money — the bullion banks, etc — they seem to be making bets that you are correct that gold is going higher.”
Gerald Celente: “As you know, Eric, since gold began its decline we said it would bottom at around $1,200 an ounce. And it went down to around $1,185. The other thing you mentioned is that the big money is buying gold again. So look to what the ‘bigs’ are saying. You’ve got the biggest hedge fund…To continue listening to the powerful KWN audio interview with Gerald Celente CLICK HERE.
ALSO JUST RELEASED: HISTORIC TRADING CONTINUES: Commercials Moving To Go Net-Long Gold & Silver! CLICK HERE TO READ.
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