stretched / metals / GOLD · data through 2026-08-04
GOLD
NEAR THE ZONE · 85 OF 100Big speculators sit at 85 of 100 in their own 3-year range: close to the crowded zone, not yet in it. Worth a look before it crosses the line.
THE FULL GOLD FILE IS OPEN
For this market to qualify, the speculators would have to push past 95 of 100, or below 5, against their own last three years. The record below stays open either way.
Positioning isn’t stretched today, but the graded record is always open: every past extreme on this market, what turned, what didn’t, and the plain-English weekly read.
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