Gold: Significant Short Positions

Commercial Futures Traders still hold significant short positions in gold, and in concert with the media, have driven retail customers into acquiring significant long positions just as they did in mid-2016. While gold prices drop to align with global currencies, retail investors will find their profits evaporate quickly.   A decline to 1517 (+/- 2%) is still expected by February 16, 2021 (+/- 1 trading day).

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