Gold Speculation Drops to Record Low

Tyler Durden, writing for Zerohedge.com, reported that speculative positions for gold have fallen to record lows in the last few weeks. Speculative positions are defined as Commodities Futures Trading Commission net longs minus shorts.

As quoted in the market news:

With ETF gold holdings back below ‘Lehman’ levels and gold coin sales elevated, perhaps the Indian government’s (and most of the Western world’s Feds) hope for the death of the precious metals market is greatly exaggerated…

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