***Founders: CTAs are Too Long Dollars, and Not Long Gold

China Gold Demand

BOA REPORT BREAKDOWN:

1- GOLD: CTAS are very under invested right now, but as long as they are long USD do not expect them to go long unless geopol event

2- USD: They are very long.. and so far not stopped out from last week's chop...

ANALYSIS:

• I EXPECT THEY MAY BE STOPPED OUT OF USD SHORTS AND IF THAT STARTS, WE MAY SEE GOLD RALLY.

  I SAY MAY BECAUSE, THE…