Funds Cut Positions In Gold By 4% And Silver By 20% - Gold Positions At 3 Year Low

by Tyler Durden
ZeroHedge
May. 01, 2012

CFTC data from Friday showed that money managers cut long positions on Comex gold futures and options in the week ended April 24 to the lowest level in more than three years.

Managed funds slashed 2,225 long positions, or bets prices will rise, and added 2,450 short positions, or bets prices will fall.

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