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GOLD - COMMITMENT OF TRADERS REPORT (14TH JUNE)

FX:XAUUSD   Gold / U.S. Dollar
3645 43 70
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 (0) are showing that commercials were more heavily short in gold             this week Tuesday than last week Tuesday. Commercial short position has been increased again: it's nearly 55.000 more than last Tuesday ( 356.632 ---} 411.358 ). Last week the net commercial short position increased by 30.000 because the long commercial contracts dropped by 20.000. This week the commercial long contracts almost the same as last week, only the short commercial positions increased . So all the commercials who closed their longs last week opened almost a triple amount of short positions what they 've closed last week...
The Blees were 0 Tuesday . The blees rating at 0 is showing to the lower prices. Retail and the large specs are in war now with commercials. Commercials are hedging production and they will continue to push down price till it tags the 200 EMA or 200 SMA .

We had a test on Thursday what would happen with a brexit poll postpone. You could taste the power of 411.00 commercial short . How would a "UK stays in EU" candle look like??? 80$ red candle maybe?

I've been reading on many website that commercial will have a short squeeze, the bearish pin bar on Thursday is meaningless etc. Guys, commercials are not stupid. They will not have a short squeeze after they've increased their shorts by 60.000...

And one more thing regarding Brexit. Do you really think the average Englishmen will make a decision in such an important question to stay or leave the EU ??? Come on. The EU was the most important step of Europe in the last 100 years. These nations were in war 60 years ago. This union is the only chance for the Old Continent to stay in the game against USA, China etc. Do you really think they will let it fall into pieces??? If they didn't let Greece to leave they will not let UK to leave. This is just a summer show. Enjoy. Will not last for too long.

The blees rating at 0 means to me that gold             is not ready for the next intermediate rally. Even if we don't have the panic selling at least we are going to go down to near 1200 one more time in the following 2 weeks.


Gold_COT reports source: http://news.goldseek.com/COT/1466191906.php

Formula for counting the blees number:
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
Comment: Gap down open. Whole Friday candle was erased immediately.
Comment: 1278 will be broken down tonight.
Comment: Does anyone see exact volume? How many contracts were dumped?
Great work Apri, Thanks for your in depth knowledge you share! It makes such a difference when the knowledge of technical and influences of events are brought together!!!
Reply
It is not who votes, but rather who counts, counts!!!!!!!!
+2 Reply
losch haronbg
I think nobody counts, they are just showing the results they need! And the question here is if they need a brexit or not! I think this will be a convinient trigger for the stock market crash which is already innevitable and which the've created at first place! I hope I'm wrong!
Reply
Don't wait for a market crash before US elections....
This year will be year of higher highs for sure.
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danot chartwatchers
I don't see higher highs but they may keep it above water even if they (fed) have to buy every share offered.
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losch chartwatchers
I'll trade brexit with a very small accont, because SL will not work! I'm looking for a tripple bottom at 1050 or even lower. I think the commercials cannot unload the most of the 400k+ just for 100$ move.
Reply
oilyprata chartwatchers
Thanks Apri :)
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oilyprata oilyprata
The man has a proven track record, he knows what he is talking about guys
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Nice that I shorted, but the target was too early triggered, when I sleep, now waiting for another entry, at 1286-88.
DX is nicely f.... $ is going now to some serious correction, this will help gold for a while
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Great observation for COT data. That was a true story, Thumb up to you! Last Thursday volume was huge, so I loaded up some shorts step by step last Friday. Obviously, 4 hours chart last Friday was a bearish flag.
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