Commodities: The 'Commitment Of Traders' Reports Aren't Actually Timing Tools But...

They can enjoin you lot when to pay attention.

Here's the introduction to "Gold, Silver Looking At Two-Year Lows", August 13:

Ditto for platinum which has its ain ready of diesel fuel vehicle problems.
We've referred to gold's "stately decline" as well as accept an ultimate toll target of $875 but now's the fourth dimension to hold back at the Commitment of Traders reports for a possible pause.

While nosotros house less weight on the CoT's than many analysts, they can last helpful to yell for upward curt term tendency changes, exactly because over fourth dimension the commercials accept to last correct or they run out of delineate of piece of job organisation as well as the game ends for everyone....

...Note that the commercial hedgers accept been pulling inward their shorts since Jan as well as are approaching a internet apartment position.
This doesn't hateful an immediate explosive deed to the upside, exactly that beingness curt is getting to a greater extent than unsafe until the commercials deed whatsoever inventory they've been accumulating....

Which was promptly followed by:"Metals Meltdown: Copper Crashes, Silver Slammed, Palladium Plunges":

...Yesterday, our caution on the curt side was early:

Front futures August 28:

FinViz 

Here's the 1 yr picture, mid-August was the showtime serious toll reversal since the Apr highs upward some $1365:

Sometimes you lot larn lucky.