Where are most people focusing? Intermediates? Majors? I've seen some of top hedge and Soverign Wealth funds only focusing on majors at them moment, but I think they are only doing so for liquidity, meaning they're going to dump on the next spike.

I'm starting to unload and take some profits before the next rate hike because I think there is way too much interest being shown in gold (COT, open interest - managed money).