CoT structure improving greatly

Gold CoT shows commercials continuing to short cover and large speculators getting less long, as open interest continues to decline.  This is called purifying the base and is bullish.  My gold target is 1000 +/- for the intermediate correction, but this is why I alway say don't worry about the POG and for the love of god, don't try to time exact bottoms in VALUE.

And then we have silver, looking even more impressive (CoT wise, not technically) than his big buttoned down brother.