by Jeff Clark
Casey Research
Back in December 2019, I spotted something peculiar in the gold market…
It was a signal from some of the biggest money managers in the gold market that something was out of whack, and gold was headed lower.
Let me explain…
When I’m looking to trade gold, I look at something called the Commitments of Traders (COT) report. This report shows the positions of commercial traders – the “smart money” – across different sectors, including gold.
If the smart money is long a sector, it means they expect it to go up in value. But if they expect something to go down in value, then the smart money would short that sector.