SentimentEdge report

Jason Goepfert

12-10-2020 at 11:00 am

Traders flee precious metals for their industrial cousins

Traders have been pulling out of precious metals funds, specifically GLD, at an extreme rate over the past month. Instead, they're moving partially into industrial metal funds that focus on markets like copper. Speculators are pulling back on gold as well, just as it enters a positive seasonal window.

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