The COTs ( Commitment of Traders in the Comex Gold Futures Exchange)

Every so often the goldosphere gets all hot a bothered by the COTs

Many claim the “Commercials” always are an indicator of what the Price of Gold will do

Recently the Hype was all about the fact that the Commercials were net LONG for the first time ever

(PS the Commercials are Always net short because that’s what commercials do…they sell gold)

I am certainly no expert on this market …however I ask you all…have you ever made a good trading decision based on COTs ?

First of all they are reported 3 days after the information is gathered….whats that all about….gives the big players time to position ahead of the small specs (us) ?

Anyhow The Commercials being Long for the first time was supposed to signal a Huge Rally in Gold

https://snalaska.com/cot/current/charts/GC.png

PPS ….looks like there is not much interest in gold at the moment…The Open interest line is way down there

COTs Schmots

Useless