Where speculative positioning sits against its own history
Gold managed-money net position: 130,766 contracts, the 63rd percentile of 20 years.
On the 2026-08-04 report, managed-money net position in COMEX gold stood at 130,766 contracts — the 63rd percentile of 1,052 weekly reports going back to 2006.
Measured against the last year alone the same reading is the 75th percentile. Both are true; the window is what changes the picture, which is why it is quoted with the number.
The position is built from 139,809 contracts on one side and 9,043 on the other, against total open interest of 371,551.
How it got here
The reading moved 10,971 contracts on the week. Thirteen weeks ago it was 94,254; a year ago, 153,987.
For scale, the twenty-year extremes are 273,076 on 2016-07-05 and -109,454 on 2018-10-09. The current reading sits in the upper half of that range.