For commodities markets generally, when net-long positioning hits longtime lows, analysts view this as an indication that long liquidation has about run its course.
The Supreme Court took a similarly stern view of Congress' ham-handed effort to curb smut on the Net, now used by 210 million people in the U.S. The court in 1997 ruled 9--0 to strike down the Communications Decency Act, passed in 1996.