Speculators exit gold longs

|By:, SA News Editor

Alongside the decline in gold prices to levels not seen since January is a sharp fall in speculative long bets on the metal to levels not seen since January. According to CFTC data (as reflected in this great graphic from Reuters), pros are net long 51K gold contracts, nearly 100K less than 3 months ago.

Gold today is ahead $2 per ounce to $1,254.

ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, DGLD, AGOL, OUNZ, TBAR, UBG, GYEN, GLDE, GEUR, GLDL, GLDS, GGBP