Market Alert - Precious Metals

Investors are betting against the precious metals for first time since 1990

Sentiment levels against the precious metals has reached a historic extreme. Small speculators, for example, are throwing in the towel en masse. For the first time since 1990, small speculators in the futures market are now betting against the precious metals. Small specs have moved from holding a net long position of 85,000  contracts in October 2012 to a net short position today.

Small speculators betting against the precious metals for the first time since 1990.