usually when hedge funds ( managed money ) are over 200,000 contracts long and producers are 200,000 contracts short thats usually about the top so it looks like producers have a while to go there only 123,303 contracts short, so this rally in gold might have a while yet till the top is reached. I think the new COT comes out on the 28th 430pm new york time it should be intresting to see the new positioning im guessing hedge funds have been very agressive buyers at these high prices.
