{"id":433622,"date":"2018-08-22T09:28:25","date_gmt":"2018-08-22T13:28:25","guid":{"rendered":"https:\/\/goldtadise.com\/?p=433622"},"modified":"2018-08-22T09:30:12","modified_gmt":"2018-08-22T13:30:12","slug":"jordan-on-the-cots-sentiment-and-fundamentals","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=433622","title":{"rendered":"Jordan on the COTs , Sentiment AND Fundamentals"},"content":{"rendered":"

Thank you Jordan for this excellent balanced piece. Especially that Unique COT chart. The COTs seem to be so misunderstood. This way of looking at it “Spec Positions as a % of Open Interest is so good .<\/p>\n

I am saving this on the sidebar for reference.<\/p>\n

“On the sentiment front we should note that Gold\u2019s net speculative position reached 1.5% of open interest. That is the second lowest reading in the past 17 years. Does that mean this is December 2015 or 2001 for Gold?<\/p>\n

Do note that sentiment was at a similar level twice in 2013 and Gold trended lower after a rebound. Moreover, look at what happened in the 1980s and 1990s.”<\/p>\n

\"\"<\/a><\/p>\n

“With the net speculative position already down to 1.5%, it figures to go negative if Gold is going to test its low at $1040\/oz or even $1000\/oz. If you think sentiment cannot get worse, think again.<\/p>\n

Ultimately, its not sentiment or technicals that will decide a major bottom but fundamentals. After studying decades of history as well as the current market environment, we became convinced that precious metals will not begin a bull market until the Federal Reserve is done hiking rates.<\/p>\n

Consider the following.<\/p>\n

Over the past 60 years, in 10 of the last 12 rate hike cycles gold stocks boast an average gain of 185% with a minimum gain of 54%. The advance began on average one month and a median of two months after the Fed Funds rate peaked.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Thank you Jordan for this excellent balanced piece. Especially that Unique COT chart. The COTs seem to be so misunderstood. This way of looking at it “Spec Positions as a % of Open Interest is so good . I am … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-433622","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/433622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=433622"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/433622\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=433622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=433622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=433622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}