Data-Driven Commodity Research, The Commodity Report

The Commodity Report

A unique newsletter about commodities and macro analysis in a weekly format.

Data-Driven Commodity Research

Commodities

<ul><li>The latest BofA survey showed that the consensus trade continues to be “long gold” with 58% of participants surveyed, followed by only 22% “long mag 7”.</li><li>According to the analysis, gold is now more overvalued than ever before (since data was recorded in 2008). At the same time, positioning in the US dollar fell to a 19-year low.</li><li>The positioning in gold is even that extreme that it pulled the entire commodity basket up with it - relative to equities.</li></ul>

The latest BofA survey showed that the consensus trade continues to be “long gold” with 58% of participants surveyed, followed by only 22% “long mag 7”.According to the analysis, gold is now more overvalued than ever before (since data was recorded in 2008). At the same time, positioning in the US dollar fell to a 19-year low.The positioning in gold is even that extreme that it pulled the entire commodity basket up with it - relative to equities.

Gold

Gold About To Lose Its Shine?