George Gero
George Gero
funds inflation investors oil seemed selling
Recently, funds who were selling oil also were selling the metals, but then everything seemed to change. Investors see that there are whiffs of inflation out there.
energy gold iran major political problems safe
Gold is a safe haven. We have major political problems in Iran and energy problems in Nigeria.
below class funds general large metals orders selling touched
The large funds are long metals of every class and there's been general selling today, which touched off stop-loss orders below the market.
adding commodity general highs increasing momentum positions power purchasing seems
It seems that general commodity highs are adding purchasing power to momentum players' funds, so they are increasing positions in the metals.
friday gold good nobody rally short wants
We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals.