Bad News, Gold Bugs! Jim Cramer Thinks It’s “The Perfect Time” To Buy Gold.

$Barrick Gold (GOLD.US)$ $GoldMining Inc (GOLD.CA)$
He explained that Williams believes that when small spectators get too bullish on gold, this often indicates that it’s about to peak. Conversely, when these small spectators become too bearish, it tends to indicate that the precious metal has reached or is approaching the bottom of a cycle.

Exhibit A was the gold rallying past the US$2,000 mark in March just as small spectators were long 200,790 contracts, their biggest net long position in four years. These small spectators are currently in their smallest long position since May 2019, which was also just before a gold price rally.