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Strategies & Market Trends : Ride the Tiger with CD
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To: dara who wrote (300710)9/9/2023 12:04:28 PM
From: dara3 Recommendations  Read Replies (1) of 312313
 
COTS as of September 5, 2023

September Fed meeting approaching

For the second week in a row, the commercials have increased their net short positions in both gold and silver. The change in gold is large. See here and here and here.

The US$ and WTIC are in overbought territory. Natgas is consolidating. Gold is bouncing off its 200 dma. The MACD for all commodities is turning negative, or is it?

Charts for the DOW, SPX and TSX are at the bottom. The TSX looks to have been in a trading range which is tightening. The DOW and SPX have had a shallow correction.

Ed Steer's comments:

In general:

"The speed of this current -- and hopefully last "wash, rinse, spin" cycle, has been rather breathtaking to say the least."

"A peek at a COT Report generated at the close of COMEX trading on Friday would show an absolutely breathtakingly bullish set-up in the COMEX futures market in the Big 6+1 commodities...sans WTIC as just mentioned."

"Not that a more bullish set-up is required in silver, as outlined in Ted's latest commentary on the 'Code Red' situation headlined " Silver: A Sure Thing?" states...but such a report would show just that."

"So, we're locked and loaded one more time ..."

Check out the graphs this week as they show the build up in net short positions more clearly. They are labelled "Position: Short" under the tradingster links here and here.

























Disaggregated futures and options - combined report:

cftc.gov

Legacy Report: Futures Only Commodity Exchange Incorporated:

cftc.gov
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