Commodity Trade Mantra

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Money Managers Long Gold Positions Near August 2011's Record High

Having fallen to a net short position as The Fed tried to convince the world it was on a path to normalization, money managers have piled into gold futures at a record pace. The last time gold “net longs” were this high was August 2011, from where prices tumbled despite a near doubling of The Fed’s balance sheet. There‚Äôs still a lot of fear out there, but will gold bugs now be sitting ducks?

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