Gold specs sharply pared bullish bets to lowest in 19 weeks

Through Tuesday, April 16, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Gold specs sharply pared bullish bets to lowest in 19 weeks

Gold Non-Commercial Speculator Positions:

Large precious metals speculators strongly decreased their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 56,273 contracts in the data reported through Tuesday April 16th. This was a weekly decline of -49,091 net contracts from the previous week which had a total of 105,364 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -16,294 contracts to a weekly total of 183,213 contracts which combined with the gross bearish position (shorts) rising by 32,797 contracts for the week to a total of 126,940 contracts.

The net speculative position had risen for three out of the past four weeks before this week’s sharp decline. The current standing is now at the lowest level of the past nineteen weeks as the net position fell by almost half this week (-46.6 percent). The gold position has remained in a positive or bullish position for twenty-two straight weeks since a dip into bearish territory in November.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -78,430 contracts on the week. This was a weekly boost of 54,379 contracts from the total net of -132,809 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1272.60 which was a loss of $-30.90 from the previous close of $1303.50, according to unofficial market data.


Silver specs sharply pulled back their bullish bets, down for 3rd week

Silver Non-Commercial Speculator Positions:

Large precious metals speculators continued to lower their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 5,885 contracts in the data reported through Tuesday April 16th. This was a weekly decrease of -10,533 net contracts from the previous week which had a total of 16,418 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -377 contracts to a weekly total of 76,033 contracts in addition to the gross bearish position (shorts) which saw a strong gain by 10,156 contracts for the week to a total of 70,148 contracts.

The net speculative position fell for a third straight week and for the sixth time out of the past seven weeks. This week’s decline was only the third time spec positions have dropped by over -10,000 net contracts in a week since the beginning of October.

Overall, the current standing remains in bullish territory but at the lowest level since December 4th when the net position was negative. The recent slide in speculator sentiment for silver has come fast and furious as net positions have fallen from a total of +58,313 contracts on February 26th to just +5,885 contracts this week.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -23,672 contracts on the week. This was a weekly increase of 14,090 contracts from the total net of -37,762 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $14.89 which was a loss of $-0.27 from the previous close of $15.16, according to unofficial market data.


US Dollar Index, Japanese Yen specs cut bets this week

US Dollar Index Speculator Positions

Large currency speculators reduced their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 28,938 contracts in the data reported through Tuesday April 16th. This was a weekly decrease of -508 contracts from the previous week which had a total of 29,446 net contracts.

This week’s net position was the result of the gross bullish position declining by -1,443 contracts to a weekly total of 43,126 contracts that overtook the gross bearish position total of 14,188 contracts which also saw a decline by -935 contracts for the week.

The speculative net position had risen for two straight weeks before this week’s decline. The current standing overall has remained very steady in bullish territory and above the +25,000 net contract level for thirty-nine straight weeks. Despite the bullish positioning streak, we have seen a little bit of weakening recently in the dollar sentiment as net contracts have now been below +30,000 contracts for the past five weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold spec bullish bets rebound this week

Through Tuesday, April 9, 2019
Charts and commentary courtesy of CountingPips.com

Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold spec bullish bets rebounded this week

Gold Non-Commercial Speculator Positions:

Large precious metals speculators advanced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 105,364 contracts in the data reported through Tuesday April 9th. This was a weekly boost of 10,808 net contracts from the previous week which had a total of 94,556 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 5,723 contracts to a weekly total of 199,507 contracts that combined with a decline in the gross bearish position (shorts) by -5,085 contracts for the week to a total of 94,143 contracts.

The net speculative position rebounded this week after a sharp decline last week by -25,382 contracts. The spec position has now risen for three out of the past four weeks. The current spec standing is back above the +100,000 net contract level after falling below this threshold last week. This is second time gold bets have ascended above +100,000 net contracts in the past six weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -132,809 contracts on the week. This was a weekly drop of -14,579 contracts from the total net of -118,230 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1303.50 which was an uptick of $13.50 from the previous close of $1290.00, according to unofficial market data.


Silver specs slightly cut back bullish bets again this week

Silver Non-Commercial Speculator Positions:

Large precious metals speculators decreased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 16,418 contracts in the data reported through Tuesday April 9th. This was a weekly decrease of -365 net contracts from the previous week which had a total of 16,783 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -2,583 contracts to a weekly total of 76,410 contracts that more than offset the gross bearish position (shorts) which also saw a decrease by -2,218 contracts for the week to a total of 59,992 contracts.

The net speculative position fell for a second straight week and was lower for the fifth time out of the past six weeks. The current standing in the silver spec positions has now declined to the lowest level of the past seventeen weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -37,762 contracts on the week. This was a weekly decrease of -3,404 contracts from the total net of -34,358 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $15.16 which was a boost of $0.15 from the previous close of $15.01, according to unofficial market data.


US Dollar speculators raise bullish bets

US Dollar Index Speculator Positions

Large currency speculators lifted their bullish net positions in the US Dollar Index futures markets this week while pushing euro bets to over a two-year low, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 29,446 contracts in the data reported through Tuesday April 9th. This was a weekly gain of 598 contracts from the previous week which had a total of 28,848 net contracts.

This week’s net position was the result of the gross bullish position (longs) dropping by -205 contracts to a weekly total of 44,569 contracts but being overcome by the decline in the gross bearish position (shorts) by -803 contracts for the week to a total of 15,123 contracts.

The net speculative position advanced for a second straight week this week after falling in the previous two weeks. The current spec standing is at the highest bullish position of the past four weeks but remains under the +30,000 net contract level for a fourth straight week as well. Previously, bullish bets had remained above the +30,000 net contract level for thirty-two straight weeks through March 12th.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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Gold specs sharply drop bullish bets

Through Tuesday, April 2, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold spec sharply drop bullish bets this week

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators sharply reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 94,556 contracts in the data reported through Tuesday April 2nd. This was a weekly decrease of -25,382 net contracts from the previous week which had a total of 119,938 net contracts.

The week’s net position was the result of the gross bullish position (longs) sinking by -21,113 contracts to a weekly total of 193,784 contracts and combined with the gross bearish position (shorts) which saw a lift by 4,269 contracts for the week to a total of 99,228 contracts.

The net speculative position had risen for two straight weeks before this week’s strong decline (by -21.1% of net position). The current standing has fallen under the +100,000 net contract level just once week after ascending this threshold for the first time since February.

Overall, and despite this week’s decline, the gold speculative position remains in a relatively strong bullish position. Gold bets had been in bearish territory as recently as this past November as well as a bearish streak that lasted nine weeks from August to October.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -118,230 contracts on the week. This was a weekly boost of 33,204 contracts from the total net of -151,434 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1295.40 which was a drop of $-26.00 from the previous close of $1321.40, according to unofficial market data.


Silver specs sharply drop bullish bets this week

Silver Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 16,783 contracts in the data reported through Tuesday April 2nd. This was a weekly lowering of -9,894 net contracts from the previous week which had a total of 26,677 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 2,452 contracts to a weekly total of 78,993 contracts but were overcome by the gross bearish position (shorts) which saw a boost by 12,346 contracts for the week to a total of 62,210 contracts.

The net speculator position has continued to see weak sentiment among specs as bets have now declined in four out of the past five weeks. The current standing of net positions has fallen to the lowest level of the past sixteen weeks after reaching as high as +58,313 net contracts in late February.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -34,358 contracts on the week. This was a weekly advance of 12,358 contracts from the total net of -46,716 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1506.10 which was a fall of $-36.80 from the previous close of $1542.90, according to unofficial market data.


US Dollar specs add to bullish bets


US Dollar Index Speculator Positions

Large currency speculators advanced their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 28,848 contracts in the data reported through Tuesday April 2nd. This was a weekly gain of 3,563 contracts from the previous week which had a total of 25,285 net contracts.

This week’s net position was the result of the gross bullish position (longs) advancing by 7,831 contracts to a weekly total of 44,774 contracts while the gross bearish position (shorts) rose by a lesser amount of 4,268 contracts for the week to a total of 15,926 contracts.

The USD net speculative futures position had fallen in the previous two weeks before this week’s turnaround. The current standing strongly remains in bullish territory for speculators but is under the +30,000 net contract level for a third straight week. The USD Index net standing had been above this level for the previous thirty-two straight weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Silver specs bullish positions rebound after 3 down weeks

Through Tuesday, March 26, 2019
Charts and commentary courtesy of CountingPips.com

Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold specs sharply raised bullish bets this week

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators strongly pushed their bullish net positions higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 119,741 contracts in the data reported through Tuesday March 26th. This was a weekly gain of 31,345 net contracts from the previous week which had a total of 88,396 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 10,122 contracts to a weekly total of 214,447 contracts that combined with the gross bearish position (shorts) which saw a reduction by -21,223 contracts for the week to a total of 94,706 contracts.

The gold net speculative position rose for a second straight week after dropping in the previous three weeks. The current standing is back over the +100,000 net contract level for the first time since February 26th and has now been in positive territory for nineteen consecutive weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -151,434 contracts on the week. This was a weekly fall of -35,775 contracts from the total net of -115,659 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1321.40 which was a boost of $14.90 from the previous close of $1306.50, according to unofficial market data.


Silver specs bullish positions rebound after 3 down weeks

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 26,189 contracts in the data reported through Tuesday March 26th. This was a weekly increase of 2,879 net contracts from the previous week which had a total of 23,310 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 857 contracts to a weekly total of 76,053 contracts that combined with the gross bearish position (shorts) which saw a lowering by -2,022 contracts for the week to a total of 49,864 contracts.

Silver speculator bets rebounded this week after falling in the previous three weeks and for five out of the previous six weeks.

Despite the recent declines, the current spec standing remains in bullish territory for a sixteenth straight week and the bullish position has been above the +20,000 net contract level for the past fourteen weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -48,494 contracts on the week. This was a weekly drop of -4,794 contracts from the total net of -43,700 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1542.90 which was a boost of $5.70 from the previous close of $1537.20, according to unofficial market data.


US Dollar Index specs trim bullish bets for 2nd week

US Dollar Index Speculator Positions

Large currency speculators cut back on their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 25,285 contracts in the data reported through Tuesday March 26th. This was a weekly reduction of -650 contracts from the previous week which had a total of 25,935 net contracts.

This week’s net position was the result of the gross bullish position decreasing by -1,664 contracts to a weekly total of 36,943 contracts that combined with the gross bearish position total of 11,658 contracts which saw a lowering by -1,014 contracts for the week.

The net speculative position for the USD Index has now declined for a second straight week following a sharp drop in bets last week. The current standing remains a little above the +25,000 net contract level for a second straight week. The bullish spec position had been steady above +30,000 contracts for thirty-two straight weeks before last week’s drop off.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold specs lift bullish bets after three down weeks

Through Tuesday, March 19, 2019
Charts and commentary courtesy of CountingPips.com

Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold specs lift bullish bets after three down weeks

Gold Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Gold futures markets this week following a recent cool off in bets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 88,396 contracts in the data reported through Tuesday March 19th. This was a weekly rise of 9,577 net contracts from the previous week which had a total of 78,819 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -925 contracts to a weekly total of 204,325 contracts but was sharply overcome by the drop in the gross bearish position (shorts) which fell by -10,502 contracts for the week to a total of 115,929 contracts.

The net speculative position had fallen for three straight weeks and for four out of the previous five weeks before this week’s rebound. The gold position remains in bullish territory for the eighteenth straight week after a dip into negative territory in November.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -115,659 contracts on the week. This was a weekly fall of -7,185 contracts from the total net of -108,474 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1306.50 which was a gain of $8.40 from the previous close of $1298.10, according to unofficial market data.


Silver specs cut back on bullish bets for 3rd week

Silver Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions in the Silver futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 23,310 contracts in the data reported through Tuesday March 19th. This was a weekly lowering of -3,772 net contracts from the previous week which had a total of 27,082 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -987 contracts to a weekly total of 75,196 contracts that combined with the gross bearish position (shorts) which saw a rise by 2,785 contracts for the week to a total of 51,886 contracts.

Speculator net positions have dipped for three straight weeks and are now down by -35,003 contracts over that period. The speculative position, with strong gains in January and February, streaked to its best level since November 2017 with bullish bets above +58,000 contracts on February 26th. The recent cool off in positions has brought the current standing to the lowest level in the past twelve weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -43,700 contracts on the week. This was a weekly increase of 2,561 contracts from the total net of -46,261 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1537.20 which was a loss of $-4.10 from the previous close of $1541.30, according to unofficial market data.


Specs sharply dropped US Dollar Index bets

US Dollar Index Speculator Positions

Large currency speculators sharply reduced their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 25,935 contracts in the data reported through Tuesday March 19th. This was a weekly lowering of -9,139 contracts from the previous week which had a total of 35,074 net contracts.

This week’s net position was the result of the gross bullish position (the longs) tumbling by -6,423 contracts to a weekly total of 38,607 contracts combined with the gross bearish position (the shorts) total of 12,672 contracts which saw an increase by 2,716 contracts for the week.

The net speculative position had advanced for two straight weeks before this week’s decline which marks the largest weekly fall since June 20th of 2017 when the net position plunged by -22,405 contracts. Despite the speculator bet reductions, the dollar index level remains in a bullish position although under the +30,000 net contract level for the first time in thirty-three weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here:   (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold speculators lowered their bullish bets for 3rd straight week

Through Tuesday, March 12, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold speculators lowered their bullish bets for 3rd straight week

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 78,819 contracts in the data reported through Tuesday March 12th. This was a weekly decrease of -9,199 net contracts from the previous week which had a total of 88,018 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 2,622 contracts to a weekly total of 205,250 contracts but were more than offset by the gross bearish position (shorts) which saw a advance by 11,821 contracts for the week to a total of 126,431 contracts.

The net speculator position has now fallen for three straight weeks and by a total of -66,828 contracts over that period. Despite the recent weakness, gold positions remain in bullish territory and have been above the +75,000 net contract threshold for thirteen straight weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -108,474 contracts on the week. This was a weekly increase of 5,523 contracts from the total net of -113,997 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1298.10 which was an advance of $13.40 from the previous close of $1284.70, according to unofficial market data.


Silver speculators lowered their bullish bets for a 2nd week

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators decreased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 27,082 contracts in the data reported through Tuesday March 12th. This was a weekly decrease of -5,439 net contracts from the previous week which had a total of 32,521 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -771 contracts to a weekly total of 76,183 contracts combined with the gross bearish position (shorts) which saw a lift by 4,668 contracts for the week to a total of 49,101 contracts.

The rise in Silver’s net speculative position is cooling off and has now fallen for two straight weeks and for the fourth time in the past five weeks. Silver bets had climbed out of an overall bearish position in early December to the highest level since November of 2017 on February 26th.

This week’s decline brought the speculative net position under the +30,000 contract level for the first time in eleven weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -46,261 contracts on the week. This was a weekly gain of 5,980 contracts from the total net of -52,241 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1541.30 which was an advance of $30.80 from the previous close of $1510.50, according to unofficial market data.


US Dollar Index speculators raise bets to a 12-week high


US Dollar Index Speculator Positions

Large currency speculators raised their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 35,074 contracts in the data reported through Tuesday March 12th. This was a weekly advance of 1,360 contracts from the previous week which had a total of 33,714 net contracts.

This week’s net position was the result of the gross bullish position gaining by 3,358 contracts to a weekly total of 45,030 contracts which overcame the gross bearish position total of 9,956 contracts that rose by 1,998 contracts for the week.

The net speculator position gained for a second straight week after having dipped in five out of the previous six weeks. The current standing is now at the most bullish level since December 18th, a span of twelve weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold speculators pulled back sharply on their bullish bets this week

Through Tuesday, March 5, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold speculators pulled back sharply on their bullish bets this week

Gold Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The latest COT data is now up to date after delays in previous weeks due to the government shutdown.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 88,018 contracts in the data reported through Tuesday March 5th. This was a weekly fall of -47,678 net contracts from the previous week which had a total of 135,696 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -34,207 contracts to a weekly total of 202,628 contracts combined with the gross bearish position (shorts) which saw a gain by 13,471 contracts for the week to a total of 114,610 contracts.

The net speculative position has now fallen for two straight weeks and for three out of the past four weeks. The current standing has now decreased under the +100,000 contract level for the first time in the past five weeks.

Gold speculator sentiment has been on a strong bullish run since late in November with contracts turning bullish and running to their highest levels since April of 2018 before cooling off these past two weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -113,997 contracts on the week. This was a weekly advance of 45,848 contracts from the total net of -159,845 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1284.70 which was a decline of $-43.80 from the previous close of $1328.50, according to unofficial market data.


Silver speculators sharply liquidated their bullish bets this week

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators sharply cut back on their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The data is now up to date after delays in previous weeks due to the government shutdown.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 32,521 contracts in the data reported through Tuesday March 5th. This was a weekly lowering of -25,792 net contracts from the previous week which had a total of 58,313 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -14,017 contracts to a weekly total of 76,954 contracts combined with the gross bearish position (shorts) which saw an advance by 11,775 contracts for the week to a total of 44,433 contracts.

The net speculative position dropped this week by the most in over a year and has now seen declining speculator bets in three out of the past four weeks. The overall standing remains in bullish territory at +32,521 contracts this week but below the +40,000 net contract level for the first time in ten weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -52,241 contracts on the week. This was a weekly gain of 25,928 contracts from the total net of -78,169 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1510.50 which was a decline of $-72.70 from the previous close of $1583.20, according to unofficial market data.


Speculators rebooted US Dollar Index bullish bets.

US Dollar Index Speculator Positions

Large currency speculators boosted their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The latest COT data is now up to date after delays in previous weeks due to the government shutdown.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 33,714 contracts in the data reported through Tuesday March 5th. This was a weekly gain of 1,801 contracts from the previous week which had a total of 31,913 net contracts.

This week’s net position was the result of the gross bullish position tumbling by -6,925 contracts to a weekly total of 41,672 contracts compared to the gross bearish position total of 7,958 contracts which saw a lowering by -8,726 contracts for the week.

The net speculative position had fallen in five out of the previous six weeks before this weeks rebound. The overall standing is back to the highest level in seven weeks and has remained above the +30,000 net contract level for thirty-one consecutive weeks.

 


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold specs push bullish bets to highest since April 2018

Through Tuesday, February 19, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Important notice from the CFTC on post-shutdown reporting schedule: “The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”


Gold specs push bullish bets to highest since April 2018

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lifted their bullish net positions in the Gold futures markets in February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 145,647 contracts in the data reported through Tuesday February 19th. This was a weekly increase of 40,773 net contracts from the previous week which had a total of 104,874 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 39,916 contracts to a weekly total of 254,086 contracts compared to the gross bearish position (shorts) which saw a lowering by -857 contracts for the week to a total of 108,439 contracts.

The Gold speculative position rose for the third time in four weeks through the February 19th data and pushed the overall net position to the highest level since April 17th of 2018. Gold speculators have now had a bullish overall position for the past fourteen weeks going back to November 20th.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -166,477 contracts on the week. This was a weekly drop of -40,366 contracts from the total net of -126,111 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1344.80 which was an uptick of $30.80 from the previous close of $1314.00, according to unofficial market data.


Silver specs trim bullish bets off highest level since Nov. 2017

Silver Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bullish net positions in the Silver futures markets for a second week through mid-February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 50,269 contracts in the data reported through Tuesday February 19th. This was a weekly reduction of -2,934 net contracts from the previous week which had a total of 53,203 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -587 contracts to a weekly total of 89,135 contracts compared to the gross bearish position (shorts) which saw a advance by 2,347 contracts for the week to a total of 38,866 contracts.

The Silver speculator positions declined modestly for two straight weeks through February 19th after a two-week rise had brought bullish bets to the highest level since November of 2017. The spec position had been in extreme bearish territory as recently as November 27th of 2018 before the spec positions rose sharply for eight out of the next ten weeks through early February, bringing the net positions roaring back into a bullish standing.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -73,874 contracts on the week. This was a weekly increase of 1,620 contracts from the total net of -75,494 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1596.70 which was an advance of $27.70 from the previous close of $1569.00, according to unofficial market data.


USD Index specs reduce bullish bets

 

US Dollar Index Speculator Positions

Large currency speculators cut back on their bullish net positions in the US Dollar Index futures markets through mid-February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 32,839 contracts in the data reported through Tuesday February 19th. This was a weekly reduction of -446 contracts from the previous week which had a total of 33,285 net contracts.

The net position was the result of the gross bullish position gaining by 1,898 contracts to a weekly total of 48,544 contracts compared to the gross bearish position total of 15,705 contracts which saw a lift by 2,344 contracts for the week.

The speculative US dollar index positioning dipped for the fourth time in the previous five weeks through February 19th. The standing for USD index spec positions remained strong and above the +30,000 contract level for a twenty-ninth straight week


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Silver specs push bullish bets to highest in over a year

Through Tuesday, February 5, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Important notice from the CFTC on post-shutdown reporting schedule: “The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”


Gold speculators boosted bullish bets for 2nd week into February

Gold Non-Commercial Speculator Positions:

Large precious metals speculators raised their bullish net positions in the Gold futures markets into February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 109,095 contracts in the data reported through Tuesday February 5th. This was a weekly advance of 9,502 net contracts from the previous week which had a total of 99,593 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 5,882 contracts to a weekly total of 218,200 contracts compared to the gross bearish position (shorts) which saw a decrease by -3,620 contracts for the week to a total of 109,105 contracts.

The speculative net position rose for a second week through February 5th after dropping in the previous three weeks. The gold standing bounced back over the +100,000 net contract level for the first time in six weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -131,242 contracts on the week. This was a weekly decrease of -12,633 contracts from the total net of -118,609 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1319.20 which was an increase of $10.30 from the previous close of $1308.90, according to unofficial market data.


Silver specs push bullish bets to highest level in over a year

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators continued to advance their bullish net positions in the Silver futures markets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 57,095 contracts in the data reported through Tuesday February 5th. This was a weekly rise of 2,812 net contracts from the previous week which had a total of 54,283 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 3,794 contracts to a weekly total of 89,868 contracts compared to the gross bearish position (shorts) which saw a gain by 982 contracts for the week to a total of 32,773 contracts.

The speculative net position rose for a second straight week through February 5th and for the eighth time in the previous ten weeks. The silver standing rose to the highest level since November 28th of 2017 which is a span of sixty-three weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -78,204 contracts on the week. This was a weekly decline of -5,742 contracts from the total net of -72,462 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1583.60 which was a shortfall of $-0.30 from the previous close of $1583.90, according to unofficial market data.


US Dollar Index speculators cut bets for 3rd week

US Dollar Index Speculator Positions:

Large currency speculators continued to slightly cut back on their bullish net positions in the US Dollar Index futures markets into February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 30,778 contracts in the data reported through Tuesday February 5th. This was a weekly lowering of -236 contracts from the previous week which had a total of 31,014 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -2,685 contracts to a weekly total of 45,640 contracts which more than offset the gross bearish position (shorts) which saw a decline by -2,449 contracts for the week to a total of 14,862 contracts.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Gold specs cool bullish bets

Through Tuesday, January 22, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Important notice from the CFTC on post-shutdown reporting schedule: “The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”


Gold speculators cooled off their bullish bets for 3rd week

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Gold futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 74,504 contracts in the data reported through Tuesday January 22nd. This was a weekly fall of -13,409 net contracts from the previous week which had a total of 87,913 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -15,286 contracts to a weekly total of 186,510 contracts compared to the gross bearish position (shorts) which saw a decrease by -1,877 contracts for the week to a total of 112,006 contracts.

The net speculative position dropped for a third consecutive week through January 22nd and by a total of -49,268 contracts over that period. The gold standing remained in a bullish level for the tenth straight week and above the +70,000 net contract level for a sixth week in a row.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -92,077 contracts on the week. This was a weekly rise of 16,036 contracts from the total net of -108,113 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1283.40 which was a loss of $-5.00 from the previous close of $1288.40, according to unofficial market data.


Silver specs lowered bullish bets for 2nd week in January

Silver Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions in the Silver futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 48,156 contracts in the data reported through Tuesday January 22nd. This was a weekly decrease of -4,019 net contracts from the previous week which had a total of 52,175 net contracts.

This week’s net position was the result of the gross bullish position (longs) declining by -2,656 contracts to a weekly total of 83,303 contracts compared to the gross bearish position (shorts) which saw a gain by 1,363 contracts for the week to a total of 35,147 contracts.

The net speculative position fell for a second week after a streak of six straight weekly gains. The overall position through January 22nd remained in bullish territory for a seventh straight week and above the +40,000 net contract level for a fourth week in a row.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -64,932 contracts on the week. This was a weekly uptick of 6,758 contracts from the total net of -71,690 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1532.5 which was a shortfall of $-29.50 from the previous close of $1562.00, according to unofficial market data.


US Dollar Index speculators trimmed their net positions.

US Dollar Index Speculator Positions

Large currency speculators decreased their net positions in the US Dollar Index futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 33,556 contracts in the data reported through Tuesday January 22nd. This was a weekly decline of -985 contracts from the previous week which had a total of 34,541 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -1,659 contracts to a weekly total of 48,913 contracts compared to the gross bearish position (shorts) which saw a fall by -674 contracts for the week to a total of 15,357 contracts.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

––––––––––––––––––––––––––––––––––––––__________–––––_______––––––––––––

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Silver speculators were boosting their bullish bets into the new year

Through Tuesday, January 8, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Important notice from the CFTC on post-shutdown reporting schedule:The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”


Gold speculators reduced their bullish bets for 1st time in 6 weeks

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Gold futures markets in the first data release for January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 99,216 contracts in the data reported through Tuesday January 8th. This was a weekly lowering of -24,556 net contracts from the previous week which had a total of 123,772 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -10,581 contracts to a weekly total of 199,560 contracts while the gross bearish position (shorts) saw a gain by 13,975 contracts for the week to a total of 100,344 contracts.

The net speculative position had risen for five straight weeks before the January pull back. The overall net standing dipped under the +100,000 net contract level for the first time since December 18th.

Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -121,187 contracts on the week. This was a weekly advance of 23,427 contracts from the total net of -144,614 contracts reported the previous week.

Gold Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1285.90 which was an advance of $4.60 from the previous close of $1281.30, according to unofficial market data.


Silver speculators were boosting their bullish bets into the new year

Silver Non-Commercial Speculator Positions:

Large precious metals speculators continued to lift their bullish net positions in the Silver futures markets into January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 54,023 contracts in the data reported through Tuesday January 8th. This was a weekly gain of 9,064 net contracts from the previous week which had a total of 44,959 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 3,764 contracts to a weekly total of 86,786 contracts in combination with the gross bearish position (shorts) which saw a lowering by -5,300 contracts for the week to a total of 32,763 contracts.

The speculative silver position rose for sixth straight week through January 8th and by a total of 64,989 contracts over that time frame. The January 8th standing marked the highest level for silver bets since November of 2017.

Silver Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -68,791 contracts on the week. This was a weekly decrease of -10,937 contracts from the total net of -57,854 contracts reported the previous week.

Silver Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1571.30 which was a boost of $17.30 from the previous close of $1554.00, according to unofficial market data.


US Dollar Index speculators trimmed bets in December

US Dollar Index Speculator Positions

Large currency speculators slightly raised their bullish net positions in the US Dollar Index futures markets in early January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 33,201 contracts in the data reported through Tuesday January 8th. This was a weekly gain of 818 contracts from the previous week which had a total of 32,383 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 7,343 contracts to a weekly total of 49,072 contracts that overcame the gross bearish position (shorts) which saw an increase by 6,525 contracts for the week to a  total of 15,871 contracts.

The speculative net position had fallen for seven straight weeks before the slight turnaround on January 8th.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

––––––––––––––––––––––––––––––––––––––__________–––––_______––––––––––––

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Gold advances sharply on speculator bullish bets

Through Tuesday, December 24, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note:  Commitment of Traders reports are published Friday with data from the previous Tuesday.

Important notice from the CFTC on post-shutdown reporting schedule:The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018).  The CFTC expects to publish this report on Friday, February 1, 2019.  After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”


Gold speculators sharply raised their bullish bets in December

Gold Non-Commercial Speculator Positions:
Large precious metals speculators sharply boosted their bullish bets to the highest level in the previous six months in the Gold futures markets in late December, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 110,985 contracts in the data reported through Tuesday December 24th. This was a weekly lift of 35,025 net contracts from the previous week which had a total of 75,960 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 26,454 contracts to a weekly total of 208,622 contracts compared to the gross bearish position (shorts) which saw a paring by -8,571 contracts for the week to a total of 97,637 contracts.

The speculative net position surged for four straight weeks into December 24th and recorded the highest level since June of 2018.

Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -128,219 contracts on the week. This was a weekly fall of -35,544 contracts from the total net of -92,675 contracts reported the previous week.

Gold Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1271.80 which was a rise of $18.20 from the previous close of $1253.60, according to unofficial market data.


Silver specs boosted their bullish bets to 6-month high in December

Silver Non-Commercial Speculator Positions:
Large precious metals speculators raised their bullish net positions in the Silver futures markets in late December, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 25,550 contracts in the data reported through Tuesday December 24th. This was a weekly boost of 5,719 net contracts from the previous week which had a total of 19,831 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 3,291 contracts to a weekly total of 77,314 contracts compared to the gross bearish position (shorts) which saw a drop by -2,428 contracts for the week to a total of 51,764 contracts.

The silver net position, in this delayed data, shows that speculators pushed up their bets to the highest level since June and for four straight weeks through December 24th.

Silver Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -39,869 contracts on the week. This was a weekly fall of -4,393 contracts from the total net of -35,476 contracts reported the previous week.

Silver Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1482.00 which was a rise of $11.90 from the previous close of $1470.10, according to unofficial market data.


US Dollar Index speculators trimmed bets in December

US Dollar Index Speculator Positions
Large currency speculators were cutting back on their bullish net positions in the US Dollar Index futures markets into late December, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 32,985 contracts in the data reported through Tuesday December 24th. This was a weekly lowering of -3,064 contracts from the previous week which had a total of 36,049 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -2,945 contracts to a weekly total of 40,353 contracts compared to the gross bearish position (shorts) which saw a rise by 119 contracts for the week to a total of 7,368 contracts.

The speculative position fell for six straight weeks through December 24th after a remarkable run of only two down weeks in the previous thirty. The spec position remained bullish but was cooling off in that period.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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No COT report this week

due to federal government shutdown.

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Gold specs raise bullish bets, USD Index specs trim bets

Tuesday, December 18, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note:  Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold speculators continued to advance their bullish bets for 3rd week

Gold Non-Commercial Speculator Positions:
Large precious metals speculators increased their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 75,960 contracts in the data reported through Tuesday December 18th. This was a weekly gain of 15,461 net contracts from the previous week which had a total of 60,499 net contracts.

This week’s net position was the result of the gross bullish position gaining by 12,568 contracts to a weekly total of 182,168 contracts compared to the gross bearish position which saw a decrease by -2,893 contracts for the week to a total of 106,208 contracts. The net speculative position has now risen sharply for three straight weeks and by a total of 74,089 contracts over that period. The current speculator standing is now at the most bullish level since July 10th when the net position totaled 81,434 contracts.

Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -92,675 contracts on the week. This was a weekly shortfall of -15,307 contracts from the total net of -77,368 contracts reported the previous week.

Gold Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1253.60 which was an advance of $6.40 from the previous close of $1247.20, according to unofficial market data.


Silver speculators raised bullish bets for 3rd week to 5-month high

Silver Non-Commercial Speculator Positions:
Large precious metals speculators increased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 19,831 contracts in the data reported through Tuesday December 18th. This was a weekly increase of 8,575 net contracts from the previous week which had a total of 11,256 net contracts.

This week’s net position was the result of the gross bullish position growing by 2,887 contracts to a weekly total of 74,023 contracts combined with the gross bearish position which saw a decline by -5,688 contracts for the week to a total of 54,192 contracts. The net speculative position has gained for three straight weeks and by a total of 30,797 contracts over that period. The current standing is now at the highest level since July 10th when the net position equaled 23,699 contracts.

Silver Commercial Positions:
The commercial
traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -35,476 contracts on the week. This was a weekly loss of -7,597 contracts from the total net of -27,879 contracts reported the previous week.

Silver Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1470.10 which was an advance of $7.30 from the previous close of $1462.80, according to unofficial market data.


Speculators trim USD Index bullish bets, raise GBP bearish bets

US Dollar Index Speculator Positions

Large currency speculators lowered their bullish net positions in the US Dollar Index futures markets this week while also adding to their British pound bearish positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 36,049 contracts in the data reported through Tuesday December 18th. This was a weekly decrease of -2,073 contracts from the previous week which had a total of 38,122 net contracts.

This week’s net position was the result of the gross bullish position declining by -3,362 contracts to a weekly total of 43,298 contracts compared to the gross bearish position which saw a decrease by just -1,289 contracts for the week to a total of 7,249 contracts.

The USD Index speculative position has now declined for five consecutive weeks and has dipped to the lowest bullish level since September 11th of this year.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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Specs push gold bullish bets higher, sharply lift silver bullish net positions

Tuesday, December 11, 2018
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek


Speculators pushed their bullish bets higher this week

Gold Non-Commercial Speculator Positions:
Large precious metals speculators raised their bullish net positions higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 60,499 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,498 net contracts from the previous week which had a total of 49,001 net contracts.

This week’s net position was the result of the gross bullish position sliding by -3,419 contracts to a weekly total of 169,600 contracts compared to the gross bearish position which saw a decline by -14,917 contracts for the week to a total of 109,101 contracts. The speculative net position rose for a second straight week and by a total of 58,628 contracts over that period. The current standing is now at the highest bullish position since since July 10th when the net position totaled 81,434 contracts.

Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -77,368 contracts on the week. This was a weekly drop of -19,119 contracts from the total net of -58,249 contracts reported the previous week.

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1247.20 which was an increase of $0.60 from the previous close of $1246.60, according to unofficial market data.


Speculators sharply lifted their bets into a new bullish position

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 11,256 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,891 net contracts from the previous week which had a total of -635
net contracts.

This week’s net position was the result of the gross bullish position rising by 1,822 contracts to a weekly total of 71,136 contracts compared to the gross bearish position which saw a fall by -10,069 contracts for the week to a total of 59,880 contracts. The speculator’s selloff of their bearish bets pushed the new net position into bullish territory for the first time in eighteen weeks (since August 7th). The current standing is at the highest bullish position since July 10th when the net position totaled 23,699 contracts.

Silver Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -27,879 contracts on the week. This was a weekly shortfall of -12,461 contracts from the total net of -15,418 contracts reported the previous week.

Silver Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1462.80 which was a shortfall of $-1.20 from the previous close of $1464.00, according to unofficial market data.


Speculators trim US Dollar Index bets for 4th week. Yen bets rise.

US Dollar Index Speculator Positions

Large currency speculators cut back on their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 38,122 contracts in the data reported through Tuesday December 11th. This was a weekly lowering by -327 contracts from the previous week which had a total of 38,449 net contracts.

This week’s net position was the result of the gross bullish position advancing by 1,307 contracts to a weekly total of 46,660 contracts but being more than overcome by the gross bearish position which saw a lift by 1,634 contracts for the week to a total of 8,538 contracts. The speculative position in the USD Index has now declined for four straight weeks after a streak of seven weekly gains. The current standing remains in a strong bullish position but under the +40,000 net contract level for a fourth week in a row.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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