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Written by David Brady, Sprott Money News
This is my first article for Sprott Money—the first of many, I hope—and I am thrilled to be able to say that I believe we are on the cusp of a significant rally.
The positioning of the Money Managers, or “Funds”, in the Gold futures market is at extremes that have typically led to massive rallies in Gold. They are usually net long, but as you can see from the table below, when their net long position is sufficiently low, it tends to lead to significant rallies in the price of Gold.
