CNBC interviewed Anthony Scaramucci, managing partner of SkyBridge Capital, on the reason why hedge funds are selling gold and why he believes the smart money won't be returning any time soon:
Scaramucci believes that "when they write the history of this period," financial historians will remark that "gold should've worked, it could've worked, it would've worked, but it didn't work in this environment."
The four reasons according to Scaramucci why hedge funds have exited the market are:
January 11, 2016