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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