Hi Hal,
I don't understand something here when looking at the linked COT report.

You state:
"Another big move for the Commercials this week, as their net short position was reduced by over 26K contracts when looking at futures and options combined. "

The "Gold section" consists of two tables, the first is:
Gold COT Report - Futures
and then:
Gold COT Report - Futures & Options Combined

Each table has a "Commercial section of two colums, Long and Short"
and below an entry for:
Change from Prior Reporting Period

In the "combined section" the Commercial Short entry has -11,338

Can you please explain how you come up with the over 26k figure in your comment above ????

And Merry Christmas !!!!

Thanks, Lee