GOLD 0.51% $1,391.7 gold futures

Well you are assuming that there's enough to be an issue....

  1. 4,485 Posts.
    Well you are assuming that there's enough to be an issue. Effectively you are saying that the market has taken on these hedges as speculative longs, again another assumption & the spec market isn't that long & when the ETF selling was at its peak it was even less long. When gold pushed through $1340 recently the spec long position was getting quite large, however it appears to have cleared out quite a bit after a good thumping of the price a week or two ago.
 
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