The Case For A (Tactical) Gold Pullback; Nomura
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Authored by Charlie McElligott, Managing Director At Nomura's Cross-Asset Strategy Global Equity Derivatives group,
Cheeky one here on the case for Gold pullback, in light of its “Crowded Long” positioning here after having acted as “primary beneficiary” of the perceived “USD-Reserve Alternatives” / Short USD theme in recent months.