Gold commercial net short down to 7K!

    Posted by matt on 17th of Aug 2018 at 03:42 pm

    New numbers are out, it's down to 7K.  That's the 2nd lowest in 15 years that I've followed it in real time.  The lowest of course was 5K at the 2015 lows.  

    Stockcharts is down for me so I can't update the chart

    The only problem I see

    Posted by ruscitti on 17th of Aug 2018 at 03:52 pm

    The only problem I see is that Gartman is bullish, but even a broken clock is right twice..  LOL

    ha ha ha that is

    Posted by matt on 17th of Aug 2018 at 03:57 pm

    ha ha ha that is a great point!  That guy is the worst!  

    But this is nearly the lowest it's ever been and we've seem some parabolic moves down esp in the stocks, so it's not out of the realm of possibility for a bounce.  Still I would have rather seen a nice long legged doji so it's also very possible that this is just a quick bounce and we still that that washout doji later on next week etc.  

    You got the long legged

    Posted by pep8261 on 17th of Aug 2018 at 04:12 pm

    You got the long legged doji yesterday in gold FUTURES which got taken out on the upside today, no?

    yeah there's a nice doji,

    Posted by matt on 17th of Aug 2018 at 06:43 pm

    yeah there's a nice doji, I mean it's not some super duper massive doji but it's decent and the CCI was below -200 yesterday so there's a slight div, here's a GC gold futures chart

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