Gold hasn't been this deep in the buy zone since early 2005 as CFTC data show a massive exit of...

|By:, SA News Editor

Gold hasn't been this deep in the buy zone since early 2005 as CFTC data show a massive exit of large speculator net long positions. What this says about the long-term trend is a question of debate, but it's probably not the worst short-run indicator. GLD +0.9% premarket, continuing a minor bounce since the metal fell below $1,200/ounce last week.