Does the current CFTC COT Report forecast a decline in Gold prices?
CFTC COT (Commitment of Traders) Report Forecast a Gold Decline?
In recent past, I have cited the CFTC COT (Commitment of Traders) report's record open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my claim held water.In fact, there is no recent evidence that such extremes in commercial shorts and large spec longs are negative factors on subsequent price action.
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