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Gold's COT problem


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#1 Rogerdodger

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Posted 19 December 2016 - 12:10 PM

Gold's COT report makes me think Gold rallies will be limited. It looks like Large Specialists have too much. Maybe it's different this time, but we need to see them stop selling and begin buying. It is narrowing recently, but it needs to quit dropping...along with gold itself! LOL!

2016_20_year_COT.jpg



#2 Rogerdodger

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Posted 23 December 2016 - 09:39 PM

12/23/16 update: Large Spec continued the drop from 129311 to 114834.

Direction still dropping.

$GOLD dropped $3.80 but held above the previous week's low in narrow trading on the typical lowest volume of the year.

https://www.barchart...cal-charts/SI*0


Edited by Rogerdodger, 23 December 2016 - 09:47 PM.


#3 Rogerdodger

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Posted 13 January 2017 - 04:58 PM

Up finally, It took 1200 to get Large Speculators and Managed Money interested.

Now will 1200ish hold?

https://www.barchart...cal-charts/GC*0


Edited by Rogerdodger, 13 January 2017 - 04:58 PM.


#4 SemiBizz

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Posted 13 January 2017 - 09:47 PM

 

Careful....


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#5 dougie

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Posted 13 January 2017 - 10:25 PM

Semi is the caution due to testing that last large volume bar at these levels?

#6 Rogerdodger

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Posted 14 January 2017 - 12:18 AM

I sold my NUGT at Thursday's pop to the upper Hourly BB.

Today's drop was bought nicely, squeezing out new shorts hoping for another (3rd) Friday red candle.


Edited by Rogerdodger, 14 January 2017 - 12:21 AM.


#7 dougie

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Posted 15 January 2017 - 03:12 PM

Seems surprises would be to upside

#8 AChartist

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Posted 15 January 2017 - 09:13 PM

gold cycles still very nice for 3 days and likely 10 days.

 

then there is a potential problem in weekly basis in 4 weeks but also another rising cycle that it could

 

translate toward.

 

I would like to see something huge for 3 then 10 days, a pullback to 3-4 weeks and the

 

full thrust of many cycles aligned. I think it is bifurcated and not worth hedging from 2-4 weeks.

 

The high of this move should be in 40 weeks.


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some of them, and they don't work"  M.Jordan


#9 Rogerdodger

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Posted 16 January 2017 - 01:56 PM

Watching how 1200ish is treated.

 

Hedge Funds Buy Gold For First Time In Nine Weeks

 

After eight weeks of declining interest in gold, hedge funds started wading back into the gold market, according to the latest trade data from the Commodity Futures Trading Commission.

“Following an extended period of declining net long positions, investors increased their long gold exposure and covered shorts as it became increasingly likely that President-elect Trump may not be able to push all of his growth agenda through Congress. This, along with a dropping USD and unimpressive data lifted prices and prompted traders to reduce their interest rate expectations,” said Bart Melek, head of commodity strategy at TD Securities.



#10 Rogerdodger

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Posted 30 January 2017 - 02:26 PM

Hedge Funds Attracted To Silver, Cool Off On Gold

Silver’s net length increased 8% from the previous week as prices remained near a two-month high above $17 an ounce. However, silver’s bullish speculative positioning is still down significantly, 41.5%, from its record highs seen earlier in the year.

As of the end of the survey period, silver prices have rallied 7.6%. Some analysts have been bullish on silver for 2017 as its industrial component is expected to shine in an environment of stronger global economic growth.


Edited by Rogerdodger, 30 January 2017 - 02:27 PM.