Tuesday, November 26, 2013

Gold COT Chart

The Commitments of Traders chart, courtesy of COT Price Charts, shows the gold price action over the last year. The red circles show tops in gold price and the green circles show the bottoms. Keystone identified the June-July bottom with the COT in the summer time. What do you think will happen next? The COT is always a lagging indicator since the data is days or a week or two behind. The chart is consistent with a bottom being placed in gold currently and the expectation is a recover move like July-August. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

The chart is from COT Price Charts and annotated by Keystone. The site has very useful information on all commodities of interest.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.