Looks like the previous time they were at record longs was...

  1. 2,755 Posts.
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    Looks like the previous time they were at record longs was during the period mid 2007 to march 2008 when gold rallied from 650 to 1000.

    While I wouldn't discount the possibility of a short term pullback, in my personal opinion they will be right again this time.
 
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