Large Specs Net Short Gold First Time Since 2001: Buckle Up!

Large specs are net short gold but commercials are still slightly short because small specs are long enough.

Large specs are net short gold but commercials are still slightly short because small specs are long enough.

Futures Only Gold Futures Positioning

Net Spec Short Position

That Tweet counts Futures and Options on Futures. I posted futures only.

Bill Fleckenstein

Buckle Up

Sentiment

As I have commented before, sentiment is extreme, but it can always get more extreme.

With that out of the way, I think Hickey and Fleckenstein have this correct.

This is an exceptionally good gold setup.

Mike "Mish" Shedlock

Commercial gold traders are still short, but barely.

Gold Sentiment is in the Washout Phase.

Commercial traders are net long gold by the most in 17 years as hedge funds go increasingly short.

Long Liquidation: Large specs reduced long gold bets and increased short gold bets. Small specs increased longs & shorts

The Gold COT report shows gold shorts piling on in addition to long liquidation. Meanwhile, the price of gold is rising.

Are speculative shorts "driving or contributing" to the move lower in gold? Let's investigate.

The lead-in chart, also posted yesterday, shows the progression of treasury shorts. Let's now look at yields and timing.

JPMorgan Chase & Co.’s quantitative and derivatives strategy team warns of potential short squeeze in US treasuries.

The commercial short positions in metal futures are decreasing. But what's really going on?

Gold COT Update: Big Specs Increase Shorts