From King World News
''Today King World News is reporting on an absolutely stunning development in the gold market. Acclaimed commodity trader Dan Norcini told KWN, “The swap dealers, (which is) a category of relatively large traders and big banks, for the first time on my records, are actually net longs in the gold market.” Norcini also noted, “Even back in 2008, at the height of the credit crisis, when there was a huge change of ownership in the gold market and traders were just jettisoning positions, the swap dealers never made it onto the net long side in the gold market.''
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