As pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous.<\/p>\n
Gold<\/a> is \u201can overcrowded trade that\u2019s overextended by every technical metric,\u201d Nicky Shiels, head of research at precious metals refiner MKS Pamp SA<\/a>, wrote to clients on Oct. 6. On Monday, as prices soared to new record highs near $4,400 an ounce, Marc Loeffert, a trader at Heraeus Precious Metals, warned that the metal was \u201cgetting even more overbought.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"As pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders…\n","protected":false},"author":2,"featured_media":250855,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[2025,32263,28,104985,25070,3471,112,136686,136685,3997,108,107],"class_list":{"0":"post-250854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bangkok","9":"tag-bull-market","10":"tag-business","11":"tag-generic-1st-gc-future","12":"tag-hedge-funds","13":"tag-japan","14":"tag-markets","15":"tag-mks-pamp-sa","16":"tag-money-metals-exchange-llc","17":"tag-singapore","18":"tag-social-media","19":"tag-us-dollar-spot"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/250854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=250854"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/250854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/250855"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=250854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=250854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=250854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}