Today, I present new research covering a 20-year time frame from 1996- 2015 that includes a 12-year bull market for gold from 2001-2012 bracketed by bear markets in the late 1990s and mid-2010s.
Large-scale gold futures speculators who placed a record number of bearish bets during the final week of 2015, wrong-footed by Monday's safe haven buying.