As of Tuesday October 10th, hedge funds and CTAs moved to ~$5.2 billion net notional short position in #gold futures.
🧐This short position has cost hedge funds nearly $200,000,000 in mark-to-market losses in just the last 3 trading sessions.
A break-out 📈above $1969… pic.twitter.com/VmGwAJdF36
— CEO Technician (@CEOTechnician) October 16, 2023
Ouch … couldn’t happen to a nicer bunch
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