Thinking in Markets

S1E26 - When Gold Positioning Gets Crowded


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A large speculative net long in gold can look like a simple bullish signal, but it usually tells a more nuanced story about crowding, trend-following, and liquidation risk. In this episode, Michelle and Vox unpack how CFTC gold positioning is calculated, what it can describe well, and why it is a much weaker tool for predicting the next move by itself.

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Thinking in MarketsBy Vox