by Craig Hemke
Sprott Money
Since late February, the prices of both COMEX gold and COMEX silver have seen a nice rally. With each move up, we always see changes in the positioning of market participants, and this latest move is no different.
This week we’ll again discuss the most recent Commitment of Traders reports from the U.S. CFTC. These reports are surveyed at the COMEX close every Tuesday and then released three days later—sometimes longer if there’s a U.S. government holiday in between. Because of the delay in reporting, Commitment of Traders (CoT) data cannot generally be used for trading purposes. Instead, if you know historical CoT trends you can use the data to help you find price trends, and that’s what we’ll try to do today.