bearish
Be Careful Precious Metals Bulls & Tailrisk Secular Inflation
SUMMARY
- Be Careful Precious Metals Bulls Another friendly reminder that positioning in copper remains super speculative bullish - aka, there is much room for speculators to reduce their bullish bets again.
- The same can be said for gold and copper, but not for crude oil.
- Once again, there seems to be less demand than people realize - especially from China.
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