Gold: Dumb Money Short Position Reaches Record Extreme

The latest CFTC Commitments of Traders Data shows that as of Tuesday’s close (7/28/2015) dumb money gold futures speculators (small specs) held the largest net notional short position in history:

 

Gold_COT_Data_7.28.2015

 The small speculators net short position totals 9,199 contracts or slightly more than $1 billion USD notional. 

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