Despite all the gloomy talk...

...and the 10% drop in gold prices, gold speculators aren't giving up. As Vincent Fernando points out at the Business Insider, long positions haven't shrunk.


There are two interpretations. It could be said, as did this blogger here, that gold speculators are "in denial." But, it could also be said that the speculators are there for the long haul - that their hands are stronger than those of the stereotypical minimum-margin plunger.


Also in the Business Insider, Joe Wiesenthal includes a chart showing that gold hasn't acted like an investment in the grips of an all-out bubble: its rise hasn't been that strong yet. He also passes on CIBC's conclusion that gold is not in a bubble.