COTlive Reports

Tuesday, September 6, 2011

Gold has topped, Open Interest, is below 80%, Double top...



Gold maybe running out of gas. Technically the gold has a double top and reached it's square of nine objective. Parallel trends also show its time to exit longs. The monthly support is down a long way, so wait for opportunities that might take months. Open Interest, Fund Longs and Commercial Shorts are on 7 week lows and likey will not recover until margins are lowered to a more economical level. All the signs of a top! View all the charts with the following link. -->


GOLD - COMMODITY EXCHANGE INC.
RECORDS! OI FL FS CL CS Fund_Vol Comm Vol Spec Vol % Record % 7- Year
7-YR low 244488 97630 18549 46115 133451 130477 210294 52987 Highs Lows
7-wk low 509326 237230 42856 155014 393831 297513 569971 90931 OI 78% 208%
7-wk high 542342 291974 70960 176476 442648 336773 599493 103558 FL 78% 243%
Record H 650764 304564 97713 208787 485016 353254 673996 121432 FS 62% 325%
Record H 11/9/2010 10/12/2010 4/6/1999 7/20/2010 9/28/2010 10/12/2010 6/29/2010 8/10/1993 CL 85% 383%
7-YR low 8/7/2001 4/17/2001 6/3/2003 9/25/2001 4/3/2001 6/5/2001 8/7/2001 11/13/2001 CS 81% 295%
HISTORY! OI FL FS CL CS Fund_Vol Comm Vol Spec Vol FV 84% 228%
8/30/2011 509326 237230 60283 176476 393831 297513 570307 91814 CV 85% 271%
8/23/2011 528520 258641 70960 175150 405586 329601 580736 97151 SV 76% 173%
8/16/2011 514107 263954 63868 160562 409409 327822 569971 92259
8/9/2011 510223 259388 55815 163472 412678 315203 576150 100243
8/2/2011 529403 291974 44799 155014 442648 336773 597662 92943
7/26/2011 536454 278473 42856 158260 441233 321329 599493 103558
7/19/2011 542342 277492 58195 162395 426209 335687 588604 90931



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