from King World News
One of the greats just put out a note on the gold market.
Gold Consolidating
April 28 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold consolidating around $1700/oz with short-term headwinds from easing lockdowns overshadowing the longer term bullish outlook. Large speculators now sitting on the fence after having cut net-longs by 37% since Feb peak. (See below).