Gold futures back above $1200

Gold prices are back up to $1200 after falling back well below that number. 

I don't know how long the major gold specs have been net short on gold in history, but this time around, they turned net short about a month ago...

Has gold finally bottomed out? 

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one would think, but this year, gold is defying all its earlier patterns. I often wonder if crypto--even if it isn't anywhere close to replacing anything of a safe haven nature--is have an indirect effect here on investor sentiment. 

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Growing risk aversion ... Thursday good for gold!

 

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