Step Aside Gold: There Is Something Else The Hedge Fund Community Hates Even More

(Before It's News)

from Zero Hedge

Over the weekend, using the latest Commitment of Traders data, we showed something gold-traders had been aware in recent months (and years): “having closed lower for 8 of the last 9 weeks, gold has become the momentum-chasing hedge fund community’s latest target…. Managed Money added to its already record short position in gold futures this week, pushing the leveraged bets to the most extremely bearish in history.”

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