A Commercial Short Squeeze In Gold

From SprottMoney

There’s been a lot of talk lately about gold being “overbought” and “crowded”. However, there’s nothing in the latest CFTC data to suggest this is the case, so this week, let’s dive into the numbers to see what’s actually been driving price higher. We got into this notion of “overbought and crowded” last week, and maybe that’s a good starting point for this week. If you missed last week’s column, here’s the link for Is Gold Really Overbought?