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

Mish
Futures Only Gold Futures Positioning

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Net Spec Short Position
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That Tweet counts Futures and Options on Futures. I posted futures only.
Bill Fleckenstein
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Buckle Up

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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