COT Reports13 Sep 2013 11:26
remind anyone about these,they come out on Friday evenings if you are in the UK.Bssically a COT report for gold tells the levels of shorts/derivatives for Large Investors LI,Commodity Traders CT and Small Traders SM. I'll use the above shorthands for these.Watch for-LI being wrong and CT are often right. SM often don't know either.Recently a signal was given correctly for gold to go down since the CT were short and the LI long.The ST were split.See the site on goldseek.com about COT Gold..can't give a full ref. as it is (c) sorry.Anyhow I hope to update you here later on that.With gold much lower we hope for a reverse though in that Market Oracle article I highlighted see earlier they said the gold hit target was just above $1000 !!