COT: Gold left exposed following record buying spree

From home.saxo

Hedge funds increased bets on rising commodity prices across 24 major futures contracts by 57% to 401k lots during the week to June 4. The report, however, showed some major differences across the three sectors as trade wars, recession risks, dollar movements and planting delays all played their different parts. The aggressive selling of oil, natural gas and copper and the concurrent strong buying of gold and grains have left these commodities exposed to some short term retracements should a change in the fundamental or technical outlook occur. Crude oil, products and particularly natural gas were sold in response to ... (full story)