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Bet on Gold Falling, Says RenMac -- Market Talk

29 Jan 2017 9:19 pm

2119 GMT [Dow Jones] Investors might be wise to bet on falls in gold through February and March, according to Alex Meintel, an analyst at Renaissance Macro Research. Meintel says gold is in overbought territory and that the "underlying trend [is] still firmly in the negative camp." In contrast, industrial metals "appear to be resuming their underlying positive trends," says Meintel. (rhiannon.hoyle@wsj.com; Twitter: @RhiannonHoyle)
 

(END) Dow Jones Newswires

January 29, 2017 16:19 ET (21:19 GMT)

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