DECEMBER 2017 MARKET REPORT

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International Money Managers Go for the Gold

by Mike Fuljenz, Universal Coin and Bullion

   Wall Street bankers generally chase after gold as its price rises, but run from the yellow metal when the gold price falls. For instance, the net long position in the gold futures market shrank for two straight weeks at the end of September, when the gold price declined, with some institutions still bullish. But foreign banks continue to be more open-minded than U.S. financial institutions, going for the gold even when the going is a rough road.

Read the full column in the December 2017 issue.

 

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