Speculators haven’t given up on gold. Money managers remain bullish, increasing their net-long position to 103,738 futures and option contracts as of Dec. 16, more than doubling bets since early November, according to U.S. Commodity Futures Trading Commission data. http://mobile.bloomberg.com/news/2014-12-23/cheaper-oil-putting-gold-out-of-job-as-an-inflation-hedge.html