John Rubino - When Powell Speaks, Gold Listens

John commented on Gold's $20 spike on Friday due in large part to Fed Chair Powell's dovish statements. It's been a grinding depressing stretch for precious metals. But the latest COT report shows the speculators are net short, the last time this happened was in 1999, the beginning of a long glorious run. The tree does not grow to the sky.

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.