GOLD - Commitment of Traders report

FX:XAUUSD   Gold / U.S. Dollar
2062 22 54

I haven't posted the COT numbers for a long time now... It's time to take a look at that now.
The Commitment of Traders report ( COT ) is published at the close of every Friday's trade and it always shows the Tuesday COT data.
The formula for Blees rating uses the Commercial Traders net contract holdings at the date of the current COT report.
We inserted the Blees rating into the daily chart .

The last Blees rating numbers (near 0) are showing that commercials are heavily shorting the gold             market.
The commercial short position has been raising for a few weeks now. It was at 413.000 (!!!) last Tuesday. This is a horrible number.
I think on the 24th May the Blees will be above 10, so it's turning up from zero (Last Tuesday it was 3)
I noticed when the blees is turning down from 100 or turning up from zero the real decline/ rally is getting started.

This COT data/Blees rating numbers are crying for a correction. I doubt that most of the bulls are prepared the decline what these numbers are predicting. Everybody and his his dog plus his wife is short at the commercials....
My first post in January was the COT report as well which predicted the monster rally in gold:
Blees rating on gold daily chart supporting the breakout

Where do you get your Blees numbers from?
+1 Reply
COT from here:
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do you calculate the number and plug it into your chart, or is there a built in indicator/strategy in traderview pro?
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No this is my calculation.
There's a formula for it:
Commercial shorts-commercial longs= X
X-last 2 years minimum X number=Y
Last 2 years maximum X- Last 2 years minimum X =Z
Blees= Y/Z*100

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chartwatchers PRO chartwatchers
...and I plug it into the chart
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darth.stocks chartwatchers
Sorry to bothe you with this question, but,
a) are you using 78 weeks as in orig. or 104 ?
b) what is really different to the "usual" numbers as from "COT Report Index" (156)
just asking since i'm currently implementing a script for it...
That's what i thought,,,,I've only seen a couple of bloggers that track the blees numbers, and they all calculate the numbers themselves based on the COT reports I was hoping to find a web site that plots blees number on a chart. In any event keep up the good work. I monitor your posts every morning in the hour before markets open here in the US.
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FYI: This guy also provides good insight based on the COT reports
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Don't think we will print a lower low. We've taken out 2 intermediate tops and tagged the 3rd one.
Tha maximum decline is around 1100
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mabaert PRO chartwatchers
if you would not expect a new lower low, how would you advice on current shorts? Take profit now and get back in later on? Or keep the current shorts (shorts from 1.254,96) and let it ride?
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Take profit on shorts at the daily cycle low - hopefully this week. And I try to enter short one more time as we enter into the panic selling stage.
Then close shorts . We see it when we are there.
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regsask1 chartwatchers
So what would your opinion be on the DUST play? Get in now at current prices or is it to late? I just started following you and have learned a lot already.
Keep up the good work.
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The ideal point to enter DUST was 05.17.-05.18. Maybe today will be good if gold doesn't break down till the US market open.
If it breaks down DUST will open with a gap. From that point it's hard to tell is it ok to enter or it's late....
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chartwatchers PRO chartwatchers
Anyway I think once the rally starts it will go minimum to 40$ and most probably to 60$.
Is that matters if you enter at 12 or 15?
I think it's a low risk enter today also. Just put your stop below 12$ and wait.
Don't try to jump in and out after a 2$ rally... Once it starts it's going to run away
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Hi Arpi! I enjoy reading your work.. It falls right in line with Gary Savage who also specializes in Cycle Analysis and Market Sentiment. I subscribe to him as well; you should check out his free Blog -- incredibly insightful :o)
THX , I'm going to check him.
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sir what do you think about silver? how far down it can go?
chartwatchers PRO LalitGurnani
I try to check it this week. If you are short in that probably you have a few weeks to ride it.
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When would be a good time to buy JDST?
chartwatchers PRO Cheetsbaby84
Same as DUST. Last week was the perefect entry point. But today is good also.
Just place your stop below 14$ and wait 2-3 weeks.
I post when I jump out of DUST the same exit should be JDST. They are moving together.
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Would like to see more of these, seems like it did work in this time on this chart
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