Il est intéressant de voir ce que certains experts en la matière pensent des COTs et de l'importance qu'ils accordent aux informations que ces rapports hebdomadaires nous fournissent.
John Bianco, president of Bianco Research - "I focus more on the Commercial hedger's vs. Large speculators rather than hedgers vs. small traders. Why? Because "small traders" refers specifically to the volume of activity rather than style (hedgers or speculators), Bianco explained. Large speculators are just that, he said, "trend-following technical types."
'Historically, "commercial hedgers have been right the vast majority of time and the speculators wrong."
William L. Jiler - "We were somewhat surprised to find that the Large Hedgers were consistently superior to the Large Speculators."
Don Norcini - "He finds that the COT is a secondary input to his trading activites Mr. Norcini is adamant that the following the trend is the primary approach, and all other factors are for confirmation only."
Jim Sinclair - "I put more attention on the price movement of gold and the MACD 3,7 & 9 plus Momentum 14 than I would now on COT. Therefore, I make nothing of COT either bullishly or bearishly on gold. Also, do not look at static numbers on anything but rather look for trend. COT is more important on Cotton than it is say for gold."
Georges Paulos - "I watch the COT myself for gold and silver. There seems to be some correlation with intermediate trends, but the other markets don't make sense to me."
Wayne N. Krautkramer - "My personal opinion is that Mr. Sinclair, Mr. Norcini, and Mr. Paulos have the best of this argument Perhaps it's time to downplay the COT Report. It appears to be needlessly complicating our trading strategies! Most of the time the markets are in a trading range, or trending upward. The COT is the most useful only a small percentage of the time, but we must trade most of the time. Let's rely on tools that work most of the time!"
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