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Gold & the DCOT Report


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  #11 (permalink)
 
ElChacal's Avatar
 ElChacal 
Houston, TX
 
Experience: Intermediate
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The last time Commercials were Net Long was in 2001 if I am looking at the current DCOT right...

The problem I have is the problem I always have with COT, that I have never been able to backtest any of it.


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  #12 (permalink)
 tr8er 
Europe
 
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Yes, this is very interesting and I saw it as well.

Last time this happened (2001), Gold started his huge multi year rally from around $ 250.-- to $ 1,900.--+


Commercials are now also NET Long in Silver and this is the first time EVER (and I've data back to 1983)


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  #13 (permalink)
 
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 ElChacal 
Houston, TX
 
Experience: Intermediate
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I am not really a gold trader but took my chances last night and went Long 1 MGC at 1195.31. Only $10/point so it is not a big risk.


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