Home » COT Metals » Weekly COT Report – Gold Index 8th February 2009

Weekly COT Report – Gold Index 8th February 2009

COT Report Gold Index - 8th February 2009

The COT report for this week again shows the commercial traders beginning to sell into the rising trend in spot gold prices with the index approaching 60, so we should expect to see the trend continue for the short term at least, following the low of 12 weeks ago, as I have been suggesting in the spot gold prices daily report for some time. If this trend continues in the next few weeks then we could see the index start to approach the 80-90 region which could suggest a turning point in the spot price of gold.