Gold and Silver CoT Report Not Favorable

For the second week in a row the CoT has degraded.  This reinforces the opinion that potential precious metals sector issues could crop up in the interim, based on other work we’ve done in NFTRH.  Last I checked, the CoT data was not out, but I just checked the links over on the side bar and there it was.

We have been prepared for the potential for some fairly rude events on the way to what could be a nice intermediate rally resuming in December.

gold cot

silver cot

BTW, I just sold DUST (added as a hedge), but have also taken some profits on longs.  Must remain in balance at all times in rough markets.

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