Gold and Silver CoT Report Out: Gold Bugs Avert Eyes (better yet, don’t)

It’s always better to look at the good, the bad and the ugly rather than turning away.  So today we review the bad that got uglier this week.  Further degradation is no surprise whatsoever considering the bullishness that was ongoing into today.

Gold’s Commitments of Traders is back to the levels of the spring (when gold’s bounce topped prior to new lows).

gold commitments of traders

Silver’s CoT, spikier and funkier than gold’s, is too.  Silver’s bounce topped in May as well.

silver commitments of traders

These are short-term caution signals and should have been fully factored by players who do not want to be fully exposed to a correction (of mini or maxi variety).  We posted worsening data 1 week ago and today it is worse still.

One note on this; CoT, like sentiment, is a condition to change not a pinpoint timer.

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at and Also, you can follow via Twitter @BiiwiiNFTRH.