here is a chart of the gold with cot comm, large and sm specs,
the yellow horizontal line on the comm cot is the # of contracts
that they are currently net hedged at this latest report, i think
we need to see the comm begin to increase their hedged position to
have gold start going up. the cot report is always a week late so
we have to wait. the bottom panel is small trader sentiment which
is usually wrong at turning points, so it is a contrary
indicator.
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Title: gold chart here is a
Posted by 8899 on 11th of May 2013 at 01:25 pm
here is a chart of the gold with cot comm, large and sm specs, the yellow horizontal line on the comm cot is the # of contracts that they are currently net hedged at this latest report, i think we need to see the comm begin to increase their hedged position to have gold start going up. the cot report is always a week late so we have to wait. the bottom panel is small trader sentiment which is usually wrong at turning points, so it is a contrary indicator.