Given the high momentum of gold and silver and the extremely positive sentiment, wouldn’t it be nice if investors could see the what the most knowledgeable people in precious metals think of the move? And wouldn’t it be nicer if the their predictions were based not just on talk, but on what they were actually doing in their own accounts?
Thanks to the U. S. government, there is an easy was to know exactly what the most knowledgeable people in precious metals are doing. On a weekly basis, the Commodity Futures Trading Commission (CFTC) publishes a Commitment of Traders report (CoT).
The chart linked below shows the actions of different categories of gold investors since the beginning of the year.
Please click here for the annotated chart of actions of different kinds of investors in gold.
Personally, I find it more instructive to look at the raw data for two weeks in a row. I simply get more out of looking at the raw data compared to looking at a chart.
Please click here for raw data on gold, silver, platinum and palladium for the last week.
Please click here for raw data on gold, silver, platinum and palladium for the prior week.
The data and the chart are based on futures. For those not interested in investing in futures, the popular ETFs are the SPDR Gold Trust ETF GLD, the iShares Silver Trust ETF SLV, the ETFS Physical Platinum Shares ETF PPLT, and the ETFS Physical Palladium Shares ETF PALL….Read more at MarketWatch
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