GOLD 0.51% $1,391.7 gold futures

usd index about to break the $76 support level, page-2

  1. 390 Posts.
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    Found this trolling around.

    If you are long gold, you're no contrarian. U.S. Commodity Futures Trading Commission (CFTC) data shows that the net long position of speculators in gold has reached an all-time high of 93.6%.

    Worse yet, nearly 100% of money manager speculators within this data, such as gold-related index funds and managed accounts, are long gold.

    There's a dearth of traditional market players on the long side. Which has caused some professional traders to worry they might run out of people to sell to, once investment funds' buying interest is exhausted.

    http://www.businessinsider.com/gold-almost-all-money-managers-are-long-2009-9
 
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