Gold Traders Remain Bullish – Buy on Dips

Gold Traders Remain Bullish - Buy on Dips

Gold Silver Reports – Gold traders are still bullish on gold, even after a selloff brought on by expectations of faster U.S. rates increases following the release of Federal Reserve minutes this week.

The cost of bullish options has surpassed that of bearish contracts for 82 days, the longest run since December 2009. “This indicator has become so strongly bullish that it’s going to take quite a move in sentiment on the metal to reverse it,” Adrian Ash, head of research at online-trading service BullionVault, said by phone from London. – Neal Bhai Reports

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