net short now?? That makes no sense to me, the commercials
are always net short, they are never net long - that's why I call
it, the 'gold commercial net short'. I have never seen the
commercials long in over 10 years since I've followed that.
You have to look at how net short are they. Last week they
were 269K contracts net short, week prior was 262K. To me
it's better for bottoms when it falls into the lower 100Ks not so
good for tops
the commercials were long right before the start of the bull
market in 2001 and it is not NORMAL for them to be long, it is
normal for them to be hedged (which some people call short),
they're NOT SHORT since they have the product. They are usually
hedged since that is their normal routine.
Gold Commercial Traders Net Short?
Posted by darnelds on 9th of Oct 2012 at 09:41 am
Jeff Clark says they are net short now. Does anyone have access to the latest numbers?
net short now?? That makes
Posted by matt on 9th of Oct 2012 at 11:19 am
net short now?? That makes no sense to me, the commercials are always net short, they are never net long - that's why I call it, the 'gold commercial net short'. I have never seen the commercials long in over 10 years since I've followed that. You have to look at how net short are they. Last week they were 269K contracts net short, week prior was 262K. To me it's better for bottoms when it falls into the lower 100Ks not so good for tops
http://news.goldseek.com/COT/
here's my weekly chart showing the commercial net short at various major tops and bottoms
gold cot for commercials
Posted by 8899 on 9th of Oct 2012 at 11:43 am
the commercials were long right before the start of the bull market in 2001 and it is not NORMAL for them to be long, it is normal for them to be hedged (which some people call short), they're NOT SHORT since they have the product. They are usually hedged since that is their normal routine.
http://www.321gold.com/cot_gold.html
Posted by frtaylor on 9th of Oct 2012 at 10:10 am
http://www.321gold.com/cot_gold.html
http://www.321gold.com/cot_gold.html
Posted by capitalpains on 9th of Oct 2012 at 10:03 am
http://www.321gold.com/cot_gold.html