Bank of America survey: Long gold replaces long US stocks as the most crowded trade

According to Odaily Planet Daily, Bank of America's October Global Fund Manager Survey shows that most investors believe "long gold" has become the most crowded trade in the market. A total of 43% of investors surveyed ranked "long gold" as the most crowded trade, surpassing the 39% who ranked the "Big Seven" long positions. The survey also showed that 39% of investors said their current gold positions are close to 0%, 19% have an allocation of approximately 2%, and 16% have an allocation of approximately 4%. According to statistics, the weighted average allocation to gold is only 2.4%. (Jinshi)