Gold is both overbought and under-owned, says Bank of America's Francisco Blanch

For more on the commodities trade, let's bring in Francisco Blanch. He's head of commodities and derivatives research at B ofA Securities. Francisco, thank you so much for for joining us here.Obviously do all commodities, but I would like to talk about gold because for so much of the year, we've just seen this continuous run. Obviously, a little bit of a pullback. Love to get your take sort of on the year so far and then what we've seen in the last couple days and then lastly what it portends for going forw ...