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POSTED ON June 6, 2022  - POSTED IN Exploring Finance

Please note: the COTs report was published 6/3/2022 for the period ending 5/31/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

Gold

Since the peak on March 8, Managed Money has massively reduced its Net Long positions by 98k contracts or 66%. Despite massive selling, the gold price has actually held up fairly well. The last time Managed Money net longs dropped this low in February, gold was struggling at the $1800 level, versus the struggle at $1850 now.

POSTED ON April 4, 2022  - POSTED IN Exploring Finance

There is a correlation between Managed Money activity and the price of gold. Managed Money net longs str down from their March peak. This indicates there is money on the sideline that could rush into the market if gold breaks through current resistance

Please note: the COTs report was published 4/1/2022 for the period ending 3/28/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON October 31, 2021  - POSTED IN Exploring Finance

Hedge funds closed shorts and went long in both gold and silver in October.

Please note: the COTs report was published 10/29/2021 for the period ending 10/26/2021. “Managed Money” and “Hedge Funds” are used interchangeably.

The Commitment of Traders analysis last month highlighted the potential over-extension of the shorts leading to a rebound. This proved to be the case in a big way. Unfortunately, the momentum lost steam and the $1810s for gold presented too much resistance.

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