Loading ...If you think the PM COTS are something, take a gander at the 2 and 5 year Notes pictured here and here respectively.
Just wait until the Fed says something wrong and the specs have to cover.
I would think this is going to occur very soon considering both the 10 and 30 year bonds, pictured here and here respectively, have already started the process.
This suggests the yield curve should start steepening aggressively soon, which is a recession signal and friendly to PMs.
I don’t know if this comes from the Fed Meeting this week or a stock market crash, or both, but one thing is for sure, both gold and silver, pictured here and here respectively, have further to run on a COT related basis.
Anything goes wrong in Gaza over the weekend, and we could have an interesting open on Monday.
It’s important to note that the ES COT (Mini S&P) currently has a possible crash signature, pictured here, where the specs remain increasingly bullish as prices fall.
What could possibly go wrong?
Cheers