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The gold producer wild card

Posted on 13 November 2013

BNP Paribas thinks gold is getting closer to the precipice. How quickly it’s likely to be pushed over will be determined by the rate at which producers accelerate their hedging activity. From BNP’s commodity markets strategy group on Monday:
Investor demand in the form of physical ETF holdings remains lacklustre. And if commitment of trader data for gold futures show a rebound in net long positions held by money managers, it is hardly enough to write home about………………………………………..Full Article: Source


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