vrijdag 3 mei 2013

COT Report Gold/Silver

This page is created to monitor the COT report for gold and silver

Whenever the commercials turn long (purple bars go up), the price will bottom out and vice versa.

Open interest (green line) indicates the direction of the price:
   - When the price declines and the open interest increases: the silver price will keep falling.
   - When the price rises and the open interest increases: the silver price will keep increasing.
   - When the price declines and the open interest decreases: the silver price will reverse to the upside. 
   - When the price rises and the open interest decreases: the silver price will reverse to the downside.

Chart 1: COT Gold
Chart 2: COT Silver
Open Interest explained here by BrotherJohnF:

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