Hedge Funds Gold Short Position at 7-year High
Hedge funds are the most short Gold since 2006, according to Dan Norcini.
Alasdair Macleod of GoldMoney has also written about this. His article can be seen here.
Quoting the first part of it:
This week considerable instability developed in currency markets. The yield on US Treasuries has been rising, signalling that they may have bottomed out. And when it emerged from the FOMC minutes that some members are worrying about the commitment to buy Treasuries and mortgage securities while the British MPC were thinking of renewed QE, sterling had its biggest one-day fall for months.
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