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caffeinedrive

03/20/16 7:41 AM

#49950 RE: nagoya1 #49942

Commercial hedgers have increased their net shorts in gold to levels that historically suggest the metal is now overbought, at least fundamentally. Unless you think the world will implode, it may be the best part of the rally is done. Banro should ideally be hedging part of their production at these levels too.

Compare the POG to the Hedgers positions here: http://finviz.com/futures_charts.ashx?t=GC&p=d1