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It seems that the price of gold trend change.

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condor11   Monday, 01/23/17 02:58:30 PM
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It seems that the price of gold trend change.
COVERAGE FUNDS, UP

According to the CFTC (Commodity Futures Trading Commission), hedge funds and money managers raised their net long positions in gold contracts in the week of January 10 This was the first time in nine months that they held a position Long in gold.

As precious metal shelter offers are in the heads of investors, precious metals miners witnessed price hikes. In the first half of the year, the Bank of China (SGG), Sibanye Gold (SBGL), Pan American Silver (PAAS), Alacer Gold (ASR) and Eldorado Gold (EGO) 2%, respectively, from the 11th of this month. These four mining companies together account for about 8.7% of the Vaneck Vectors Gold mining fund (GDX), according to UK Market News.

Mining-based funds, which have also experienced price declines since the December lows include Sprott SGDM and iShares MSCI Global Gold Mine.

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