If the price later reaches or surpasses your specified price, this will open your long position.

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As an example, as of September 1st 2010, the Greek regulator banned naked short selling of Coca-Cola Hellenic Bottling Company SA. Lauded US politician, Barny Frank once said that all institutional investors should state, when they open a position how long they intend to hold the position for!

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For the time being the rises in the net-long position and open interest together are supportive for gold.

FORBES: Speculators Pile Into Gold Futures, Options -- CFTC

However, the bank said the significant year-on-year growth in total open interest and the record long position held by the money-managers suggest that the market is overbought and vulnerable to a price break and long liquidation.

FORBES: Speculators Pile Into Gold Futures, Options -- CFTC

They said the given the size of the money-managers net-long position and that open interest in gold is off 8% from where it was at this point last year, it appears gold is overbought.

FORBES: FOCUS: Speculators Cut Bullish Gold, Silver Positions -- CFTC Data

He said the current net-long position is roughly 43% of the total open interest in futures.

FORBES: FOCUS: Speculators Add To Bullish Gold, PGM Positions For Seventh Straight Week -- CFTC Data

They want to be put in a position to succeed, and they're open to having their performance measured, as long as the measurement system is fair.

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