Hedge funds may get torched after making near-record bets long the US dollar and against rising gold prices.
Riding The Buck
August 2 (King World News) – From Jason Goepfert at SentimenTrader: Hedge funds have the largest exposure to the dollar in four years (see chart below).
Hedge Funds Betting Big On The US Dollar!
They (hedge funds) also have a near-record inverse correlation to gold, which has preceded reversals in the metal the few other times they were so heavily inverted (see chart below).
Hedge Funds Also Betting Big Against A Rise In Gold!
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King World News note: Hedge funds have placed themselves in a very vulnerable position by entering such historically crowded trades long the US dollar and against rising gold prices. If a major reversal begins to unfold, the moves in the opposite direction could become quite violent, especially in the gold market.
There is more to this special report, but this is a great example of why Jason Goepfert is the best in the world at what he does — providing actionable market data. To subscribe or try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader by CLICKING HERE.
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