, 5 tweets, 4 min read Read on Twitter
How worried should #gold bulls be by near-record net-long positions in #gold on Comex.

Grey haired market participants (like me) know that positioning extremes ‘often’ lead to reversals, as the ebbs and flows of gold and net longs show on this chart.

There have been times when net longs in gold have been elevated for years, yet this hasn’t stopped #gold heading high – see the area highlighted here between Oct 09 and July 11.
Remember, Comex is only one part of a much larger #gold market and under the right circumstances, large long or short positions can prevail for a LONG time and gold can move a LOT while positions are at extremes.
Remember to head to #goldhub and check our #blog for regular updates and insights into the #gold market.

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