[O]wn gold as hedge against nightmare of higher yields *and* lower US dollar on loss of credibility of US policy makers.
- Michael Hartnett
Good Afternoon. There will be *No Founder’s CoT Discussion* today. However, a Gold CoT analysis begins this video with a new and (hopefully) helpful revelation for all of us to keep an eye on going forward.
0:42 to 14:00— Gold CoT Analysis
14:00 to 15:25— Content Rundown
15:25 to 44:30— Hartnett Breakdown
44:30 to 45:25— Slides described
45:25 to End— What if Hartnett is wrong?
Written Post Contents:
Gold CoT Analysis
Hartnett Analysis Slides
BOA, TD Report Excerpts
1- Gold CoT Analysis
When Cyclical bullish forces meet seasonal bearish forces…. volatile trading ranges are the result
Open interest bottomed recently indicating a bull in Gold which was correct
Open interest continues to decrease in a rally, indicating shorts covering, but no new longs getting in.
Taken together, seasonal unwinding is preventing momentum players from adding to longs even as shorts get killed
Micro Gold may be something to look at more closely now
May be a good indicator of domestic Gold CTA flows
currently biased short
Both longs and shorts are closing positions now… (seasonality example)
Seasonality keeping a lid on Cyclical Buying?
Watch CTA’s in Gold….