Some interesting facts about recent gold COT.

 

Usually gold COT data are widely discussed on the internet. Public investors are mostly attracted by the net short exposure of commercial players.

I agree it is very important measure; however it is usually about oversold/overbought sentiment conditions of the market while it is considered as not so important information regarding turning points.

 

I would say that gold COT has a lot of information that can give us valuable clues.

Here is the gold chart together with the graph that shows the amount of commercial traders with net long (!) exposure to gold. 

 

 

We can see some important correlation to the gold long term price dips, and now this measure is at its historical high level. It looks like a rare existing event and a buy signal for sure.