Safe to say gold is not a crowded trade anymore
It's safe to say gold is not a crowded trade anymore. Look at Direxion Daily Gold Miners Bull 3X Shares ETF ( NUGT , quote )
if you want to roll bones on oversold conditions.
The trade is not for weak of heart but gold and miners are way overdone. The chart below is of net positions in gold futures and option combined held by institutional money managers.