Some improvement again this week.
Gold Commitments of Traders
Silver Commitments of Traders
Gold and Silver CoT Data
Tag Archives: commitments of traders
Gold and Silver CoT Data Improve
Not that it means much these days, but here it is anyway. Commitments of Traders lurch in a positive direction for both gold and silver.
Au CoT
Ag CoT
Gold and Silver CoTs Improve This Week
Large spec shorting and commercial covering in Au…
Gold Commitments of Traders
Pretty much the same thing in Ag…
Silver Commitments of Traders
[edit] In response to a reader’s email (blog comments have been disabled for reasons explained here) requesting more info, the CoT data are now firmly bullish. As the commercial entities (bullion banks and industry players) cover toward historical low short interest averages and the speculators (hedgies, etc.) get more short, the structure becomes more bullish.
The commercials are considered smart money. Here is the graphical data for a better view. Silver especially looked good as of Tuesday. And that was before the smash. Note the high ‘open interest’. I am not quite sure how to interpret that against a bullish structure, quite frankly, so I won’t pretend to.
Gold CoT, click for full size
Silver CoT, click for full size
Au & Ag CoT Data Out
Hmmm, once again gold creeps the wrong way and silver the right way.
Gold and Silver CoT Data Released
Gold goes in the wrong direction; silver… meh.
Au & Ag CoT Data Out
NFTRH 226: “Want to bet that each of these pictures improved on last week’s wipeout?”
Well look at those large spec’s shorting gold. Look at the commercials covering. And some pretty big price damage happened subsequent to this data release so we might surmise that the CoT improved even more over the last few days.
Au CoT data courtesy CFTC
Ag CoT data courtesy CFTC
CFTC Au/Ag CoT Data Out
The spec’s were less brave on gold while the goons covered. The spec’s were braver on silver while the goons shorted. So I guess I like gold better than silver for a while and I guess I am hedging in alignment with that. I don’t fight the goons. I try to wait them out and be alive when the time comes to capitalize.
One wonders if this is an indicator of a liquidity blip to come. Well by one wonders I mean one crazy blogger who sloshes around in these indicators looking for clues. Are T bonds over sold enough for a counter trend bounce? Will this coincide with a Yen recovery? What about junk bonds? Is that ding over the last few days real or Memorex?