Entries by Peter Brandt

Crude Oil Descending

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Crude Oil is descending out of a triangle pattern. The daily graphs show clear signs of topping in the energy markets. The daily graph of Sep RB Gas has completed an 11-week H&S top pattern with a target of 1.3237.

Silver and Gold Confirm Bull Market

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Silver – Despite the fact I have preferred the long side of Silver over the long side of Gold, I have grossly underestimated the power of this Silver trend….Gold – The broadening pattern is typically reversal in nature. Very rarely will a continuation broadening pattern occur….

Does the current CFTC COT Report forecast a decline in Gold prices?

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CFTC COT (Commitment of Traders) Report Forecast a Gold Decline?

In recent past, I have cited the CFTC COT (Commitment of Traders) report's record open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my claim held water.

In fact, there is no recent evidence that such extremes in commercial shorts and large spec longs are negative factors on subsequent price action.

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Do the CFTC COT data forecast a decline in Gold prices?

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In recent Factor communications I have cited the record large open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my claim held water.

In fact, there is no recent evidence that such extremes in commercial shorts and large spec longs are negative factors on subsequent price action.

Read More