Eric King: “What about the gold market? We are seeing record short positions by hedge funds and the public. What could this mean for the gold market going forward, Art?”
Cashin: “It could be dramatic. You’ve got a couple of things going on: You saw what is called a ‘backwardation’ in the gold futures. That has occurred, don’t hold me to this, but I think about four times over the last 10 years or so, and it’s usually been at or around a bottom in gold.
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