COT Gold Charts, page-2

Hi Seth.
I follow the COT report as well so ( for what they're worth ) I'll add my conclusions.
Trying to time a trade using the data from the reports is difficult because the cut off for the report is three days prior to the actual announcement.
The report is worth looking at to see how big these short commercial positions are.
In December last year the commercial shorts were shrinking rapidly until they were almost positive which is the least number of shorts I had seen for a long time.
Considering that a very small commercial short position is gold bullish I prattled on a number of times last year on the gold thread about the gold bullish COT position and the coming rise of the price of gold.
I agree with you about the degeneration of the gold thread.Its fairly pathetic.
The commercial position at the moment is certainly not gold bullish from my perspective.
From what I can see, the real worth of the COT report is when it MOVES into a gold bullish position as gold is being knocked down.
That information gives investors a much less risky point of accumulation.
As the report becomes more gold bullish then more accumulation can be activated.