2011-06-20financialsense.com

This guy argues gold price will correct (at least in the near-medium term; get ready for a buying opportunity!) -- ``Another negative sign for gold is that price has been rising with falling open interest. On the chart below you can see that since October 2010 the price of gold has risen while open interest has fallen. This typically signals a weakening market and goes along with the declining buying pressure in GLD.''



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