Probing Gold’s Bottom

As 2020 is wrapping up, investors are trying to narrow down the target for gold’s bottom in the coming weeks. And as the yellow metal is experiencing what appears to be its worst month in the past four years, the Gold Miners Bullish Percent Index ($BPGDM) once again provides us with some key insights into reading the bearish signals for the precious metals.Q3 2020 hedge fund letters, conferences and moreBPGDM Shows Overbought ReadingLast week, the BPGDM showed the highest possible overbought reading.**The excessive bullishness was present at the 2016 top as well and it didn’t cause the situati…

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HEDGE accordingly