Not sure there are any spec longs, not in the sense of flighty ones, maybe some, who have ridden along with the big buyer….I doubt he is out, as if he was prices would be way down. Do u know anyone who has bought Gold…I don’t.
The scum have just crashed prices and gone even shorter, especially in the shares…..
Yes I agree at some point the Physical shortage will be a problem, especially when it exposes the ETF’s for having damn all metal, just paper.