Comment: COMEX Gold Short Positions at Record High. Why?

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COMEX Gold Short Positions at Record High. Why?

Speculator Gold Gross Shorts At All Time Highs
5-13-13

Premia for gold bars (physical over paper) rallied to their highest since late-2008 according to SocGen, even as 'professional' investors look to position the exact other way. The combined short positions of futures and options speculators in COMEX gold is now at a record high for the third week (having surged from 4.3 million ounces in late September to a a stunning 13.9 million ounces short now. At the same time, Gold ETFs have only seen one in-flow day in the last 34 days. It seems investors are well-and-truly on one side of this boat - even as price continues to buck the supposed structural weakness.
See more at:
http://www.zerohedge.com/news/2013-05-13/speculator-gold-gro...