by Pater Tenebrarum
Commercial and Non-Commercial Market Participants
The commitments of traders in gold futures are beginning to look a bit concerning these days – we will explain further below why this is so. Some readers may well be wondering why an explanation is even needed. Isn’t it obvious? Superficially, it sure looks that way.
[…] As the following chart of the net position of commercial hedgers illustrates, their position is currently at quite an extended level: