Gold Weekly Analysis based on August-07-2018 COT Reports

[Zack Zarr 5]

Aug 07 2018 COT Data Analysis

Data analysis of the COT reports (Legacy, Disaggregated) shows Gold is hitting many extreme levels. Here is the charts with COT data overlays. 

Summary:
Data from COT-Legacy reports shows Gold is hitting historical level on multiple metrics.

• Long exposure % is now at the lowest ever
• Relative long and short exposure numbers are also at 100%
• Total short contracts is at the all-time-high level

Data from COT- Disaggregated reports shows Gold is hitting historical level

• Money Managers long exposure % at the lowest ever, below the past historical low
• Money Managers total short contracts is at the all-time-high level

Net positions for large speculators (non-commercials) vs. commercials

• Large Specs are at their lowest net long
• Commercials are near their lowest net short

Net positions of Money Managers/Other Reportables and Producers

• Money Managers at lowest net long ever
• Producers and Other Rep near highest net long

 

Conclusion: there will be a reversal coming very soon.

 

For more information on this type of analysis check out the previous posts in the education section of the forum here, here, and there.

 

If you want to discuss further and clarify things, please send me a message to [email protected]

 

Zack