Sunday, 14 August 2011
Bearish on Bullion
Has gold topped? The Commitments of Traders data seems to be saying so. My trading setup for gold has gone bearish for Monday's open of trading. This is based on excessive bullishness by the large speculators.
See the details for this and the other markets I'm following with my COTs Timer trading strategy on my latest signals table, which I've updated based on Friday's COT data from the U.S. Commodity Futures Trading Commission. Hope you survived last week's nuttiness intact, and good luck next week.