Commentaries, Sentiment

Bloomberg: Gold Traders most Bullish Since 2004

According to Bloomberg, Gold traders are the most bullish they’ve been since 2004. The survey shows 21 of 22 respondents expecting Gold to rise this week. Gold is up 26% year to date and has benefited from the Euro debt crisis.

According to a Bloomberg survey, the median estimate of eight of the ten most accurate forecasters (of the past two years) is $1,950/oz by the end of the first quarter 2012.