Aug 27, 2018

Hedge Funds Are Net Short Gold

The catalyst for the rise in gold and the decline in the US Dollar I believe was the dovish speech given by Jerome Powell in Jackson Hole. (...) Remember we've got a lot of people who are short gold. Now for the first time since 2001 the hedge funds are net short gold and I think they can get caught in a losing trade and have to scramble to buy back the gold that they sold.

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