Ever wonder what the smart money is doing in the markets? You don’t need to pay big bucks to find out. Just read the U.S. government’s free weekly Commitments of Traders reports. This Holy Grail of market info lists trillions in positions in 150 markets. Yet, top economists and analysts have mostly failed to crack the COT code. My COTs Timer trading system, which I continue to refine, aims to catch market trends by identifying extremes of trader positioning that are about to reverse.
Monday, 29 August, 2011
Long Gold
Gold goes back to bullish on today's open of trading, according to my latest signals based on the weekly Commitments of Traders reports. See my newly updated signals table for more details on this and the other markets I'm following. All other signals remain in cash. Sorry for the late update this week - Irene knocked out our power yesterday. Hope you got through Irene okay, and good luck this week!
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