Hedge Fund News From HedgeCo.Net

Hedge Funds Reeling From Gold Rally Have Five Charts to Watch

(Bloomberg) Hedge funds that doubled down on bearish gold wagers are facing a gut check. The shiny metal is in the middle of a surprise advance, posting the fastest rally since the Brexit vote as a surge in haven demand combines with seasonal buying. The sudden snap of its unlucky streak — bullion has declined every month since April — blindsided fast-money investors, but that could be good for gold bugs.

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