For the first time since records began, hedge funds are net short gold futures, according to CFTC data...
BUT...
US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low
Just like in the case of silver three weeks ago, today's gold liquidation was not due to selling of physical metal. In fact, quite the contrary: according to the US mint, so far in July the mint has sold a whopping 143,000 ounces of physical gold - the most in over two years, or since April of 2013 - even as the price of gold briefly slid to the lowest level in 5 years.
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