Hartnett Gold Status Update
Gold in Hartnett’s Flow Show
Gold in Hartnett’s Flow Show
Bank of America’s latest Flow Show carries through the familiar B.I.G. theme—Bonds, International, Gold. Within that framework, gold now emerges as both a crowded trade and a paradoxically under-owned asset. The report identifies a divergence between institutional sentiment and allocation levels, suggesting that conviction remains strong even as exposure stays historically low.
“On gold, we long gold peak greater than 6 K an ounce next spring. It ain’t contrarian.”
Contents
Flows and Positioning
Hartnett’s Framework
Scenarios for a Reversal
Contrarian Context
Behavioral Insight.. GoldFix Comment
Summary Table
Conclusion
Deeper Dive