Hedge Funds Dumping Gold at Record Pace and Price Goes Up

Hedge funds continue to dump gold at a record pace and the gold price goes up!

For the week ending January 30th, the gold futures+options managed money net long position declined by 6.05% to 71,976 contracts. Gold increased by $7.80 to $2,036.82 per oz!

Over the last nine weeks, the gold futures+options managed money net long position declined by 50.16% to 71,976 contracts. Gold increased by $11.17 to $2,036.82 per oz!

This has NEVER before happened in history at a time of SPDR Gold Trust (GLD) ETF fund outflows!

Hedge funds are dumping gold futures AND everybody is dumping GLD and the price has gone up!

This is the #1 most bullish indicator in the history of gold!