Gold COT Index is Extreme but Speculators are Still Net Long


View COT data in MT4

Latest CFTC Release dated April 23, 2013:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

75

Euro

69

British Pound

8

Australian Dollar

29

Japanese Yen

18

Canadian Dollar

2- COT index turned up from lowest since March 2007

Swiss Franc

67 – specs flip to long

Gold

0

Silver

27

Copper

6-COT Index turning up from BELOW 2009 low reading

Crude

51

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_usd.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Euro

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_eur.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

British Pound

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_GBP.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_AUD.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_JPY.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_cad.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_chf.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Gold

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_gold.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Silver

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_silver.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Copper

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_copper.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

Crude

Gold_COT_Index_is_Extreme_but_Speculators_are_Still_Net_Long_body_crude.png, Gold COT Index is Extreme but Speculators are Still Net Long

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.


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