The ‘smart money’ is turning bearish on gold right now

From Jeff Clark, Editor, Stansberry Short Report:

The gold market is poised for a short-term reversal.

Gold has been on a terrific run since it bottomed at about $1,050 per ounce in December. The metal rallied to close at more than $1,270 per ounce last week. That’s a gain of more than 20% in just three months.

Gold stocks have done even better recently. The Market Vectors Gold Miners Fund (GDX) is up around 55% since mid-January.

But all rallies eventually end. And it looks like the next few weeks could be rough for the “gold bugs”…

Back in November, I showed Growth Stock Wire readers that the commercial traders were getting bullish on gold. The development was a strong sign that gold’s decline was nearing an end and a rally was coming.

You see… commercial traders are the so-called “smart money.” They’re merchants, miners, explorers, or bankers in the…



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