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Hedge Funds Reeling From Gold Jump Have Five Charts to Watch

  • Biggest rally since June 2016 blindsides bearish hedge funds
  • Shorts could trigger squeeze; ETFs buying; dollar link frays
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Inflation Will Drive Gold Prices Later in 2019, Says Fat Prophets' Lennox
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Hedge funds that doubled down on bearish gold wagers are facing a gut check.

The shiny metal is in the middle of a surprise advance, posting the fastest rally since the Brexit vote as a surge in haven demand combines with seasonal buying. The sudden snap of its unlucky streak -- bullion has declined every month since April -- blindsided fast-money investors, but that could be good for gold bugs.