When investors take a short position, they’re essentially betting that prices are going to go down. “This is quite clearly bearish,” said Fawad Razaqzada, technical analyst at GFT Markets, but “contrarians would argue that a small adverse move against the trend could see speculators rush for the exits and thus cause prices to rally sharply.”
Read More: blogs.marketwatch.com/thetell/2013/07/16/why-heavy-gold-shorting-could-lead-to-a-rally/
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