Monday, August 22, 2016

Large Hedge Fund Cutting Exposure to Gold

Large hedge funds are slowly paring back their exposure to gold. Disciplined bulls that should have booked partial profits and reduced risk from April to July are either letting their profits run until the message of the market changes (see Gold Chart). Disciplined bulls are waiting for a focused bear opportunity.

Headline: Hedge fund giants have cut their bets on gold

A number of big-name hedge fund managers have cut back their bets on gold during the second quarter.

Prominent hedge fund manager Stanley Druckenmiller, who now runs Duquesne Capital as a family-office hedge fund, closed his entire position in the SPDR Gold Trust ETF (GLD), which had been his fund’s biggest allocation.



Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.