PRESS ROOM
Short & Leveraged Global ETP Flows in October
Tuesday 10th November '20
S&L Investors closed out their long positions in gold, silver, and natural gas. S&L investors closed their 3x leveraged long positions in gold and silver in October. The two precious metals remained under pressure last month and prices generally moved sideways as broader market volatility ahead of US elections kept prices across risk and defensive assets in check. S&L investors also closed 2x and 3x leveraged natural gas positions possibly to lock in profits. Natural gas bucked the trend among energy commodities last month and experienced a strong price rally as hurricanes in the Gulf of Mexico caused production facilities to shut. Further support came from expectations of higher residential heating demand in the US between October and March.
The October edition of WisdomTree’ s short and leveraged global exchange traded product (ETP) flows report can be found here.