Jim Cramer: The Best Time to Buy Gold.
$Barrick Gold(GOLD.US$ $GoldMining Inc(GOLD.CA$ CNBC's Jim Cramer tells investors that gold is on the verge of a rally and that this is the perfect time for investors to get into gold. "The legendary Larry Williams explains charts that show the public is selling off gold in large quantities, and he sees this as the perfect entry point to buy gold,"
Commitment data shows that small speculators held the smallest long positions since May 2019, just before gold's big rally. It's also worth noting that during gold's recent top in March, small speculators held the largest net long position in four years. While that doesn't mean investors should always do the opposite of small speculators, it does suggest that gold may soon be on solid footing, Kramer said.
"That's superficial, but he points out that whenever the net long position in gold has been this low over the past nine years, the actual metal has gone up. The best time to sell always comes when they have a large long position," Cramer said.
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