the mos recent commercial net short is now 95K, while this is
quite low, it confuses me because in the past the number has always
increased when the price of gold moves up. For example on
the prior week on Tues April 23rd the 'Net Short' was 104K
when the price of gold was $1413 an ounce, and last Tues April 30th
the Net Short fell to 95K even though the price of gold moved up to
1476.
Years ago I remember looking at the 'Net Short' before the gold
bull market began in 2001 and I recall that the 'Net Short' was
inverted, it was always negative while the 'Net Long' was always
positive - in other words completely inverted to what it has been
since 2001. We'll have to monitor this over time.
If anyone has a URL to previous or historical data prior to 2001
let me know or a chart.
here's graphic that I put together to show what I mean, I took
the COT showing the 'Net Short' form the 2004 bottom, the 2008
bottom, and this year, in the past the net short has always
increased when gold has come off the lows, however this time it has
been decreasing, odd....
Here's graphic that I put together to show what I mean, I took the
COT showing the 'Net Short' form the 2004 bottom, the 2008 bottom,
and this year, in the past the net short has always increased when
gold has come off the lows,
howeverthis time it has been decreasing,
odd....
Please note:when you click on the attached
graphic, it will appear small because of the light box effect'
therefore click on the 'open in new tab' at the bottom left to open
it up in a separate browser window, you can then click on it again
to expand it to full size.
yes and thx for the chart, it's one thing to be aware of because
as I stated, prior to 2001, the Commercials were always net long
and since 2001 they have always been net short, if this reverses
again it gives further fuel to the file the gold is in a bear
market
could be, but makes me suspicious or curious as it's
an anomaly, I'm not trading off that. Longer term I
could still make a good case for gold eventually testing the longer
term uptrend line and the 1250 area, doesn't mean it has to this
time, but if it occurs later this year would not surprise me one
bit.
here is a link for COT
Where can I find the Chart for GOLD and COT number?
Posted by 8899 on 4th of May 2013 at 12:32 pm
http://www.cotpricecharts.com/commitmentscurrent/
Here's another URL http://news.goldseek.com/COT/ the mos recent
Posted by matt on 4th of May 2013 at 01:59 pm
Here's another URL
http://news.goldseek.com/COT/
the mos recent commercial net short is now 95K, while this is quite low, it confuses me because in the past the number has always increased when the price of gold moves up. For example on the prior week on Tues April 23rd the 'Net Short' was 104K when the price of gold was $1413 an ounce, and last Tues April 30th the Net Short fell to 95K even though the price of gold moved up to 1476.
Years ago I remember looking at the 'Net Short' before the gold bull market began in 2001 and I recall that the 'Net Short' was inverted, it was always negative while the 'Net Long' was always positive - in other words completely inverted to what it has been since 2001. We'll have to monitor this over time.
If anyone has a URL to previous or historical data prior to 2001 let me know or a chart.
here's graphic that I put together to show what I mean, I took the COT showing the 'Net Short' form the 2004 bottom, the 2008 bottom, and this year, in the past the net short has always increased when gold has come off the lows, however this time it has been decreasing, odd....
Here's graphic that I put
Posted by matt on 4th of May 2013 at 02:33 pm
Here's graphic that I put together to show what I mean, I took the COT showing the 'Net Short' form the 2004 bottom, the 2008 bottom, and this year, in the past the net short has always increased when gold has come off the lows, howeverthis time it has been decreasing, odd....
Please note:when you click on the attached graphic, it will appear small because of the light box effect' therefore click on the 'open in new tab' at the bottom left to open it up in a separate browser window, you can then click on it again to expand it to full size.
Dimitir sperk have a chart shows net position just turn negetive from 2001.
Posted by leeybo on 4th of May 2013 at 02:13 pm
http://www.gold-eagle.com/editorials_08/speck030311.html
yes and thx for the
Posted by matt on 4th of May 2013 at 02:37 pm
yes and thx for the chart, it's one thing to be aware of because as I stated, prior to 2001, the Commercials were always net long and since 2001 they have always been net short, if this reverses again it gives further fuel to the file the gold is in a bear market
Matt, history aside, doesn't that
Posted by sbwoman on 4th of May 2013 at 06:07 pm
Matt, history aside, doesn't that sound incredibly bullish for gold? Price going up and shorts decreasing?? Am I missing something?
could be, but makes me
Posted by matt on 4th of May 2013 at 07:24 pm
could be, but makes me suspicious or curious as it's an anomaly, I'm not trading off that. Longer term I could still make a good case for gold eventually testing the longer term uptrend line and the 1250 area, doesn't mean it has to this time, but if it occurs later this year would not surprise me one bit.
I too am curious, and
Posted by sbwoman on 5th of May 2013 at 01:00 pm
I too am curious, and very suspicious. Since I am already in the trade I will be watching closely. I just wish that the markets were more logical.
I exactly looking for th chart that gold price and marked the COT number
Posted by leeybo on 4th of May 2013 at 02:16 pm
Could you show us one more time, MATT? I remeber the -95K almost is the low as end of 2008.