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 Commodity Futures Trading Commission’s free weekly Commitments of Traders report. The CFTC’s COT data is a Holy Grail of market info, listing trillions of dollars in positions in 200+ markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I posted about here for seven years, gave weekly trading signals based on the COT data.
Monday, 5 May 2008
Oops! Corrected Signal
I was just rechecking some of my spreadsheets and noticed a mistake on my Latest Signals table based on Friday's Commitments of Traders data. My gold stocks setup (for the HUI Gold Bugs Index and XGD Canadian Gold iShares) didn't actually flip to bearish as I had reported Friday. It remains long as it's been since May 2007. My gold and silver setups did, however, indeed go bearish as reported. I've corrected that table accordingly. Many apologies for the mistake!
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