Money Managers Are Buying Gold Again

According to the latest Commitment of Traders, Gold Managed Money positioning started to recover from the long-term impairment suffered in late January / early February. 

Specifically, top Goldman Sachs futures trader, Robert Quinn, notes that Gold Managed Money net purchased +$1.4bn from February 10th - 17th, ending a 3 week streak of selling which totaled -$22.9bn.

New longs (+$2.0bn) overpowered coincident short selling (-$560mm).