Hedge Funds Are Holding First-Ever Gold Net-Short Position

``"Undoubtedly, we've seen a sentiment shift in gold," Dan Denbow, a portfolio manager at the $700 million USAA Precious Metals & Minerals Fund in San Antonio, said by phone. "Gold has a lack of enthusiasm.'' -- Hmm wonder if this has anything to do with the no-excitement-allowed "capping" that's been in place on the gold price for the better part of a decade now... at any rate, hedge funds now being net short is probably a contrarian indicator, not bearish (as is the prospect of interest rates rising)!