- Gold Trading | August 12, 2016
Speculators have been net long the US Treasury market, the S&P 500, Dow, NASDAQ & the US dollar. To say that market positioning is wildly extreme right now would be an understatement. But if there is no fear, then how is it that the net speculative position on gold on the COMEX is near an all-time high? Ditto for silver where longs have soared to an unheard-of 96,782 contracts. Makes sense?