Gold rallied 30% last time this took place, says Joe Friday

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This chart looks at the current position of "Smart Money Hedgers" from Sentimentrader.com and Gold futures over the past couple of years.

In late 2015, smart money hedgers established a big bet, believing that Gold would trader higher. They were correct, as Gold rallied nearly 30% in the next 6-months.

Joe Friday Just The Facts Ma'am- Smart money hedgers have established a big bet that Gold will rally (same size bet as 2015). This is taking place as bullish sentiment on Gold is hitting one of the lowest levels in years (18% bulls).

Will it be different this time? Did Gold create a bullish reversal pattern last week?

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