Hedge Fund Action Doesn’t Change Gold and Silver Fundamentals

Last week, hedge funds sold off their bullion holdings in what was a monumental run to the exits.  As the price of silver and gold trended higher against declines in other commodities, equities, and so-called risk assets, the price for bullion gave institutional investors the comfort they needed to boost cash.
But how much has changed since hedge funds eased up on margin plays in commodities?

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