Loading ...Gold COT Update
Looks more bullish than last week. Not really a timing tool but it would be time to be careful with any shorts here. Here are two versions of the Gold COT. First has the traditional Commercial, Large and Small Spec date while the second has the more detailed “disaggregated” report that breaks down the commercials and large specs in finer detail.
The second report shows that the Swap dealers have increased their longs.
http://www.barchart.com/interactive_charts/futures/GCG6
COT data resembles Aug low in gold.
Which category is large commercials??? They are shor only 233150 contracts and net shorts is down to lowest 15769.
It has been bullish. COT data failed for price forecast????