Gold COT Commitment of Traders Chart
The COT chart for gold shows the tops in gold price with the red circles and bottoms with green circles. The COT typically lags price by one to two weeks. The stronger dollar recently continues to pressure commodities, gold and silver. Gold and silver are starting the week on the weak side but the COT hints that a bottom should form perhaps this week. 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 COT charts are found at COT Price Charts.
fully expect to see some intense trading in Gold this week lately we I seen near $10 moves up on a single algo raid it's getting harder and hard now to fade these blips....
ReplyDeleteYep, it is interesting the negativity in gold and silver is at fever pitch right now. Folks may be liquidating to cover shorts in the general market. The weak commodities have no affect on the broad indexes and this continues to be a big head-scratcher. Now lumber is falling, $LUMBER down from over 400 to 310 in 8 weeks, -23%, but we are supposed to be in a booming housing recovery.
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