Money manager net longs fell sharply last week as gold volatility increased

World Gold Council/Adam Perlaky/10-7-2019

“COMEX net longs fell sharply last week from 1,113t to 938t. Notably the money manager net longs fell nearly 20% from 908 to 731, a sign of a pullback in what was very optimistic positioning by money managers. This could be a function of profit taking or concerns with the most recent price sell-off.”

Chart courtesy of the World Gold Council-Gold Hub

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