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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.

POSTED ON October 3, 2021  - POSTED IN Exploring Finance

Please note: the COTs report was published 10/1/2021 for the period ending 9/28/2021. “Managed Money” and “Hedge Funds” are used interchangeably.

The Commitment of Traders analysis last month showed a potentially bullish setup in both gold and silver. The washout of Managed Money Net Long contracts that occurred in early August appeared to be over and a rebound was underway. Unfortunately, it looks like there was another washout in September. As highlighted recently, it’s possible exhaustion may be near. However, if another washout occurs, it would probably drive Managed Money net positioning negative for the first time since Nov 2018.

Below is a look at the details.

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