Hedge Funds Are Shorting Gold at Highest Level Since 2006
That's as far back as the data goes.
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Hedge funds are betting that gold’s recent rally won’t last and are holding the biggest wager ever that prices will decline.
The net-long position in gold dropped by 9.9 percent to 31,653 futures and options in the week ended March 24, according to U.S. Commodity Futures Trading Commission data published three days later. That was the lowest since December 2013. Short holdings rose for a seventh straight week to 84,022 contracts, the highest since the data begins in 2006.