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60 Second Snapshot: Gold Is a Crowded Trade


 -- Published: Wednesday, 22 August 2018 | Print  | Disqus 

Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. Frank explains why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought. Federal Reserve Chairman Jerome Powell will be speaking at Jackson Hole on Friday and Frank believes his remarks could be a market-moving catalyst.

For the full explanation, watch the one minute clip below!

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

Learn more about investment opportunities in gold and precious metals by clicking here.

 


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 -- Published: Wednesday, 22 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

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