Why I’m not worried about “extreme” commercials short… play the trends not the absolute values… Check what happened in 2009 for COT… eventually “extreme” will coincide with a top.. but not now… need weight of evidence to filter the “false” signals and noise.

Adding 2002-2003 startup of gold bull era… COT analysis stills applies. When commercials reset… pullbacks may occur.. but long term trend is not in their hands… they simply adapt.