9 Straight Weeks Of Speculative Gold Gains Should Worry Bulls As Shorts Finally Increase Their Positions – Seeking Alpha

9 Straight Weeks Of Speculative Gold Gains Should Worry Bulls As Shorts Finally Increase Their Positions
Seeking Alpha
The current net speculative long position of 267,000 contracts is almost at the all-time high of July 2016 – which marked last year’s gold peak. These data points suggest that gold is way overbought at these levels. Treasury Secretary Mnuchin …