Re:The Global Dollar Short Squeeze
by kevas on Thursday April 09, 2020 @10:21PM
(#22829353)
I read this last week (forgot where I read it) and haven't been able to find data to support what I read so take the following with a grain of salt.
Many investors owned gold as a hedge. The market's downturn happened so rapidly and violently, their other positions took a massive beating. That divergence happened because big players needed to get out of their gold position to cover margin for their other positions.
Many investors owned gold as a hedge. The market's downturn happened so rapidly and violently, their other positions took a massive beating. That divergence happened because big players needed to get out of their gold position to cover margin for their other positions.