Silver and Gold Commitments of Traders as of October 19 Silver has been in a good contrarian sentiment setup by its CoT structure and from that a rally sprang as the whole sector was in the sentiment dumps in September. But it remains to be seen whether that was the sentiment low or just a sentiment low. Last week silver’s CoT saw large specs eat … Continue reading Silver & Gold CoTs tick the wrong way
Gold and Silver CoTs will likely show continued improvement on Friday As gold continues to break down from the beer flag its Commitments of Traders will likely show improvement on Friday, from an already improved reading last week. Tuesday (today) is the day of data harvest and I am not sure if the data will be inclusive of today. But if it is, expect a … Continue reading CoT to Goldbugs: “Cheer up”
The gold and silver CoT data improved nicely this week And this was on Tuesday, before the metals got the majority of this week’s bearish price activity. All in all, nice progress here. Gold sees large specs puking and Commercial traders taking some longs and covering some shorts. The little guy had enough and started shorting. The silver CoT shows large Specs selling and shorting … Continue reading Gold & Silver Commitments of Traders
Still no notable movement in the Gold and Silver CoT The Commitments of Traders for gold show large Specs net selling and shorting, and Commercials reducing net shorts (still heavily net short) while the little guy goes nowhere, remaining significantly net long. Silver’s CoT shows large Specs net doing nothing (still very net long), Commercials inching longer (still very net short) and the little guy … Continue reading Gold & Silver CoT
Gold and Silver CoT data continue moderately improving Gold saw large Specs and Commercials basically in a wash, with a common theme a reduction in open interest. Of positive note, the little guy puked some long positions. Never a bad thing. Silver also saw a reduction in open interest by Specs and Commercials, but curiously saw short covering by the little guy. All in all … Continue reading Gold & Silver Commitments of Traders
In NFTRH 636 we noted.. “Unfortunately, the gold and silver Commitments of Traders data are not offering positive signals. While neither is a show stopper, we’d prefer to see speculators less bullish on both metals at this point. But it has been a strange year for CoT signals and I am going to give this lower priority for now.” Unfortunately, it was not a lower … Continue reading Gold & Silver Commitments of Traders
A screenshot from NFTRH 630: Silver bugs want to see this get fixed, plain and simple. If you hear any excuse making or worse, accusations of wrong-doing pretending to be analysis, you might want to run away from that garbage, which sadly and all too often emanates from the gold/silver bug “community”. The run up in silver was epic and so now in hindsight, should … Continue reading About the Silver CoT Setup
Here is how they shook out as of Tuesday the 31st. Gold open interest continued to diminish as large Specs sold way more than they shorted and Commercials reduced longs and reduced even more shorts. The little guy? He’s backing out the door too. Silver open interest continues to drop (from already greatly depressed levels) as large Specs closed longs and shorts and Commercials did … Continue reading Gold and Silver CoT [w/ edit]
Why not add copper to the CoT readings since it is an important Amigo for indicating cyclical reflation trades? Note that these are just the raw numbers for the weekly period ended January 14th. Graphical data will be out soon and you can grab it on the links page from your choice of sources. Also, I am not used to looking at copper’s CoT data … Continue reading CoT Data for the 3 Metallic Amigos
As you probably know, I’ve occasionally posted and interpreted the gold Commitments of Traders data noting its high risk signals for months (most recently here). All the while the gold price declined around a hundred bucks an ounce. Normally at the end of a correction to the gold price the CoT would be nice and contrary bullish. Today, it is anything but as large speculative … Continue reading About That Gold CoT…
Just reading it as I see it, folks. Gold commitments of traders saw the specs press long and the commercials press short. Silver saw specs cover shorts and press some longs while commercials net shorted with some gusto. So it all comes down to whom you believe is ‘smart’. Traditionally, at bear turning points the commercials are positioned very negative as they are today, as … Continue reading Gold and Silver CoT Remain a Concern
Gold and silver Commitments of Traders printed this week in just about as high risk a situation as they’ve been in since the gold price topped and the silver price blew out in August. But… The CoT prints on Tuesday (in this case December 3rd) and since then per a 10 minute chart we have downside progress in gold and silver prices. But there is … Continue reading Thoughts on the Gold and Silver CoT
With the recent price slams in both gold and silver you just knew that the large specs were puking ’em up and the commercial traders were covering net shorts. The gold price pulled back from the low-1500s to the mid-1400s and the usual suspects reacted accordingly. The silver price got dumped from above 18 to below 16.75 and the usual suspects reacted accordingly. I’ll edit … Continue reading Gold and Silver CoT Improvement, as Expected
…and ready to strike as of Tuesday the 24th. They amassed heavy open interest and pressed the net shorts into the week’s high, which was not so coincidentally the day before the “hit” that some will sell as conspiracy. Open interest, net spec longs and net commercial shorts all hit their highs for the move before the pullback. It was just time, folks. All this … Continue reading Gold CoT Saw the Goons Assembled…
