>>>Why do people (like you!!) even bother to analyze COMEX COT, it is clearly immaterial in the grand scheme of things.<<<
You gotta be kidding, Mark.... <g>
Though Louis and I generally disagree, I think that with COMEX and NY Access Market activities aiding and abetting the determination of the PoG for much of each day, the CoT report is, imo, an essential 'tool' for measuring 'extremes' that can help presage turning points in the gold market.
While the COMEX gold futures OI changes are usually available the following day, it's most 'unfortunate' the individual spec and commercial breakdowns are only available on Fridays, seven days after the current five day reporting period begins.
Btw and fwiw, as of yesterday's close, the COMEX gold OI was only 5K from the all time record of last November's 370K contracts. Can we far from an interim high in the PoG?
In my view, this is a bearish trend brewing...
9-07 - The gold open interest rose 1412 contracts to 300,648,
9-08 - The gold open interest rose 7285 contracts to 307,933.
9-09 - The gold open interest rose 9473 contracts to 317,406
9-12 - The gold open interest rose 4146 contracts to 321,552
9-13 - The gold open interest fell 322 contracts to 321, 200
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9-14 - The gold open interest rose 4,775 contracts to 325,975
9-15 - The gold open interest rose 17,311 contracts to 343,286
9-16 - The gold open interest rose 3,910 contracts to 347,196
9-19 - The gold open interest rose 11,895 contracts to 359,091
9-20 - The gold open interest rose 4,224 contracts to 363,315
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9-21 - The gold open interest rose 2,588 contracts to 365,903
All imho, of course.....
Dan 
