Gold net longs at record highs

According to the just reported CFTC data for the week ended Tuesday, the net spec long position in gold rose to an all time record high (dating back to 1993), up 22% on the week to a net 225k contracts. Silver net longs rose to the most since Aug ’08 and net longs in platinum rose to a record high. Most other commodity changes in position were little changed and remain range bound.

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