This substack is great but I am new to a lot of these indicators so I don't understand them all. Am I missing something with chart #8? "Managed money" has a short position on gold and whenever they've done this in the past gold has gone up in price a lot? So "managed money" is really bad at this, is the takeaway, correct?
This substack is great but I am new to a lot of these indicators so I don't understand them all. Am I missing something with chart #8? "Managed money" has a short position on gold and whenever they've done this in the past gold has gone up in price a lot? So "managed money" is really bad at this, is the takeaway, correct?
In short, yes. This can be viewed as a contrarian indicator.
this is great stuff, it works best if charts support the macro