Fear not my gold buggy friends, the goons have started the process of sanitizing the Gold and Silver CoT structures. Why, look at those large Spec longs bailing out and those Commercial shorts covering. The little (non-reportable) guy is actually playing contrary hero and adding gold while puking and shorting silver. I don’t make much of his actions.
All in all a CoT report doing as expected, given the big hit to the metals last week.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.
