Trimtabs reports that $2.3 bln has flowed into gold ETFs in the last 6 trading days, the highest in a year.
Looks like every doctor, dentist and accountant is on board, a concern for the bulls.
As we’ve seen in recent weeks though, positioning data is not in and of itself a reason to buck the trend. The market has had record dollar longs for weeks but it just keeps chugging higher….
Gold is consolidating gains at $1247, essentially a record high.
