Buying gold? Jim Cramer thinks now is the perfect time to do it. But before you rush out and buy up all the shiny, yellow metal you can get your hands on, you’ll want to know where to store it – and how much it will cost you. Our experts at Goldline International have put together a list of everything you need to know about buying gold today, including where to buy it, how much it costs, and when the best time of year to buy is. Take a look! Now Is the Perfect Time to Buy Gold Jim Cramer Says

On Wednesday, CNBC Host Jim Cramer Said that Gold is Probably Going to Surge in The Near Future

On Wednesday, CNBC Host Jim Cramer Said that Gold is Probably Going to Surge in The Near Future
Image Source: CNBC

On Wednesday, CNBC host Jim Cramer said gold will most likely surge, so it’s an optimal time for investors to grab some. As interpreted by Larry Williams, charts suggest the general public has already lost interest in gold, and if he’s right, it’s the perfect time to invest, the Mad Money host said.

On Wednesday, gold futures fell as the U.S. dollar strengthened and Treasury yields climbed after Federal Reserve officials’ hawkish comments on inflation on Tuesday sent metals lower. Gold is thought of as a safe investment and tends to attract investors during economic and geopolitical uncertainties.

The Cramer Show host explained Williams’ analysis by examining gold’s weekly price action going back to 2014, in combination with the Commodity Futures Trading Commission’s Commitments of Traders data.

Contrastingly, Gold Prices often go up when small speculators become too bearish

Contrastingly, Gold Prices often go up when small speculators become too bearish
Image Source: Capital.com

The CFTC monitors futures positions taken by people like individuals who like to trade speculative stocks and those who are sophisticated investors or tradesmen that work with commodities.

Generally, when small investors go overly bullish on gold, it’s a sign that it’s about to reach a high point, according to Williams. In contrast, gold tends to be near the bottom when small speculators become too bearish.

The Commitments of Traders data at the bottom of the chart shows small speculators are in their smallest long position since May 2019 – right before a major gold rally.

 That being said, it’s also worth noting that gold was the cause of the largest long positions of small speculators in four years last month at its peak. Cramer says that while investing doesn’t necessarily mean doing the opposite of what small speculators are doing, it does indicate gold could gain soon.

this would be too glib, but he notes that in the last 9 years, whenever their net long position in gold has been this low, the metal has rallied. “And they sold all their best points when they had large long positions,” Cramer said.