HUGE Sign Gold could Finally be Turning Around

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4 years ago
5

Bullion banks have finally reversed course. They have been massively net short - and increasingly so - for months now. Recently, though, they have begun aggressively covering. Lower prices combined with hedge funds selling have provided what the bullion banks needed to buy without driving up the price. This means some of the main drivers of the gold price may finally be working in its favor instead of against it.

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Cited:
https://www.goldmoney.com/research/market-updates/falling-open-interest

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