Loading ...I agree with you that if you look at the COT Report as a “one off” for the week, there is nothing new under the sun.
I think if you look at the trend over the last couple of months, it tells a different story. The commercials (bankers) have been increasing their shorts heavily. Whether it rings true this time around I don’t know, but it’s the kind of thing I’ve seen before big waterfall moves down. What should really be noted is that they added a fair amount of long positions – they don’t add long positions for any reason other than to dump them on the market.
Gold looks pretty tame, but the action in the shares is horrible.
Hope I’m wrong.