Is The "Smart Money" Ready To Bet On Gold?

Submitted by Tyler Durden on 08/09/2015 - 10:45

For the last three weeks, gold has experienced something that has never happened before -hedge funds aggregate net position has been short for the first time in history. However, as Dana Lyons notes, this week saw another 'historic' shift in gold positioning ascommercial hedgers shifted to the least hedged since 2001... so the 'fast' money is chasing momentum and the 'smart' money is lifting hedges into them.