Today I will be giving commentary on the Gold Options & Futures positions of commercial traders from august, 2014 to July, 2015. At the bottom of the page there is all the reports I studied in a slideshow for you to view & analyze yourself (I analyzed 1 for every month so there is only 12).
Here are the commercial long vs short position numbers at a quick glance for you to see.
Out of all the reports I looked at I this is the closest I have seen commercial traders almost having a larger overall long position. If commercial traders do have a larger long position in the next coming reports that is an extremely BULLISH sign for a huge gold rally. Commercial traders are know as the "smart money" so their position on gold should be closely monitored. Even back when gold rallied in December and November they did not get this close to having a larger long position!
For now that is all I have to say about gold, I will be giving another update soon. Thank you for reading!oo