Crowded to the long side. You are joking right? Are not shorts at the record levels again recently?? That's why gold has come down from the $1,550 range.
What you need to understand is that there is not enough physical available in the market to settle all who have been selling gold short. Eventually these parties need to commence buying to get out of positions. This will produce the next wave up.
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Crowded to the long side. You are joking right? Are not shorts...
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