How Gold Performs When Net Long Position Is Negative

Since 2006 when the CFTC began releasing its COT data, gold's managed money net long position is in positive territory 95% of the time.

When gold's managed money net long position is positive, gold achieves the following gains:

Median Forward 1-Month Gain of 0.39%

Median Forward 3-Month Gain of 1.14%

Median Forward 6-Month Gain of 3.58%

Median Forward 12-Month Gain of 3.79%

Currently, gold has a managed money net long position of -3,004 contracts due to a massive managed money short position of 106,169 contracts.

When gold's managed money net long position is negative, gold achieves the following gains:

Median Forward 1-Month Gain of 1.09%

Median Forward 3-Month Gain of 5.93%

Median Forward 6-Month Gain of 8.77%

Median Forward 12-Month Gain of 19.73%

When gold's managed money net long position is negative, gold outperforms by the following:

Median Forward 1-Month Gain is 2.79X higher

Median Forward 3-Month Gain is 5.20X higher

Median Forward 6-Month Gain is 2.45X higher

Median Forward 12-Month Gain is 5.21X higher