Commitment of Traders Chart: Gold

'A' a short signal

The commercials are at a maximum short position (lowest in three years) and the acceleration of trading activity over the previous six weeks is very high (about 70% in the green line at the botton). A short signal occurred on October 9, 2012, just as the previous bullish trend was broken. Holding this short position until this trend ended on September 4, 2013, would have yielded a gain of $436,400 per contract.

'B' a long signal

The commericals are at an extreme long position (longest in three years) and the acceleration of trading activity is high - about 35% (at the green line at the bottom). Right after the bearish trend ended, there was a long entry signal on July 22, 2013. Holding this position until the bullish trend ended on September 4, 2013, would have yielded a gain of $53,600 per contract.

Gold COT chart
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