shorts in this sector will get caught big time
same way people got caught shorting financial sector for several years and assuming more and more losses
looks to me like longs that lost tons of money turned into shorts at low 3s
get ready to lose twice as much on your short side hehe
huge buying interest almost every single trading day
do not expect any major corrections anytime soon
hoping for big move near term
In the physical market, Indian gold premiums hit a record $160 an ounce on Thursday, as the wedding season fuelled demand while supplies remained low.
Premiums in other parts of Asia remained stable, as lower prices failed to trigger a surge in demand.
this should be min 2.5-3 range even given geo-political risk
just a matter of time before hedge funds discover this