Time to buy Gold for short Term Trading & Long Term Accumulation

Here is what one of the major  traders has to say about Gold

The largest four commercials are net long 26,000 gold contracts, and net short 22,700 silver contracts. In the case of silver, the next four largest traders are actually long. In both cases their risk exposure has not been so low at least since 2006. The message is clear: if the largest bullion banks have de-risked their trading books, logically they must expect prices to increase. And given they have fooled the hedge fund community into taking the shorts, the price move, when it comes, should be explosive as hedge funds wake up and rush to close.
http://www.goldmoney.com/gold-research/alasdair-macleod/banks-taking-the-long-side-of-the-trade.html

 As for as the markets are concerned , the market may have trned back from 10 week moving averages as you can see.

SPX

Nasdaq

The above chart clearly shows the losses due to higher interest rates in the last month.The Federal Reserve is helpless in controlling the interest rates