Loading ...Gold COT Data
COT data – no reason to worry. Gold may continue to pullback for a few days, a few weeks or even a few months, but COT data during the last major gold bull shows that our current position cannot be used to infer a big drop in the price of gold.
Awesome work NorthStar!
Yep. Thanks for bringing this fact out! Lot’s of noise concerning COT out there. Nothing binary about COT. Context matters. And the underlying asset/commodity also. What seems to be a pattern for Gold might not be applicable to Oil or Silver. You can’t trade simply off COT, but add it in a weight of evidence approach.