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.

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

 

Zack