Despite the record highs in stocks (and consumer confidence), a ‘resurgent’ economy, tax reforms, rate-hikes, and deregulation; traders are adamantly opposed to shorting precious metals…
As Bloomberg points out, hedge funds and other large speculators pared their bearish position on bullion futures and options to a five-year low last week, driven in part by looming geopolitical risks from North Korea and the U. S.
This post was published at Zero Hedge on Dec 4, 2017.