CoT Gold, Silver & USD report compliments of GoldSeek.
Anybody surprised the specs are dumping out? Unfortunately just as the CoT is not a timing tool for tops it's not going to call bottoms either. But it's heading in the right direction and I'm sure it has improved since this data was made available.
What was interesting about today however was the new lows in the metals (I bought some SLV while sucking my thumb in a fetal position) and the conspicuous absence of same in the miners. It's a start I guess. In the accounts slated for risk I still await potential lower prices with a last chunk of cash that I'd prefer not to use. In the account designated as low risk I hold a few investments along the lines of RGLD, UNG and SLW (latter 2 added this week) and around 75% cash in the form of t-bill and short term treasury funds and I don't see that changing in a rising Uncle Buck (vs. competitive paper) intermediate scenario. Despite the differences in philosophy, I still have some Prechter in me. ;-)
Have a good weekend.
