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Posted in COT Reports, Today's top gold news and opinion |

Gold specs cut bullish net positions this week

Through Tuesday, December 10, 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.

Overlay chart showing COT large speculator positions and gold for 12-10-2019 Table showing COT gold speculator positions for 12-10-2019

Gold Non-Commercial Speculator Positions:

Large precious metals speculators cut back on 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 270,920 contracts in the data reported through Tuesday December 10th. This was a weekly fall of -19,785 net contracts from the previous week which had a total of 290,705 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -17,356 contracts (to a weekly total of 329,169 contracts) while the gross bearish position (shorts) rose by 2,429 contracts for the week (to a total of 58,249 contracts).

Gold bullish bets dropped for the third time in the past five weeks this week. The decline this week marked the largest shortfall in the past eight weeks. Despite the recent pullbacks, the gold position has remained in a strong bullish position as the speculative position has been above the +250,000 net contract level for the past twenty-one weeks and above the +200,000 net contract level for the past twenty-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 -302,283 contracts on the week. This was a weekly increase of 20,504 contracts from the total net of -322,787 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 $1468.10 which was a drop of $-16.30 from the previous close of $1484.40, according to unofficial market data.


Silver speculators lowered their bullish bets for 2nd week

Overlay chart showing COT silver large speculator postions for 12-10-2019 Table showing COT silver large trader positions for 12-10-2019

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 40,742 contracts in the data reported through Tuesday December 10th. This was a weekly decline of -9,485 net contracts from the previous week which had a total of 50,227 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -3,624 contracts (to a weekly total of 85,617 contracts) while the gross bearish position (shorts) gained by 5,861 contracts for the week (to a total of 44,875 contracts).

Silver speculators decreased their bullish bets for a second straight week and by a total of -11,768 contracts over the two-week period. Silver bets are now at the lowest level in the past four weeks but remain strongly in a bullish position. Overall, silver positions have been in bullish territory for twenty-seven straight weeks, dating back to June.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -63,147 contracts on the week. This was a weekly change of 11,152 contracts from the total net of -74,299 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 $1670.20 which was a loss of $-54.60 from the previous close of $1724.80, according to unofficial market data.


Currency speculators cut US Dollar Index bullish bets for 10th straight week

Overlay chart showing US Dollar Index large trader positions for 12-10-2019

Table showing silver COT speculator positions for 12-10-2019

US Dollar Index Speculator Positions

Large currency speculators once again decreased 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 22,261 contracts in the data reported through Tuesday December 10th. This was a weekly lowering of -1,616 contracts from the previous week which had a total of 23,877 net contracts.

This week’s net position was the result of the gross bullish position (longs) lowering by -428 contracts (to a weekly total of 30,754 contracts) compared to the gross bearish position (shorts) which saw a rise by 1,188 contracts on the week (to a total of 8,493 contracts).

Speculators continued to pare their bullish positions in the US Dollar Index for a tenth straight week and by a total of -20,767 contracts in that period. The current standing of bullish positions is now at the lowest level in seventy-three weeks, dating back to July of 2018. Despite the recent declines, the USD Index position has now remained in bullish territory for eighty-three consecutive weeks starting in May of 2018.


*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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Posted in COT Reports |

Gold specs lift bullish bets to highest in 10 weeks

Through Tuesday, December 3, 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.


Overlay chart of Gold COT large trader positions, price of gold for 12-3-2019 Table of gold COT report for 12-3-2019

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 290,705 contracts in the data reported through Tuesday December 3rd. This was a weekly gain of 19,071 net contracts from the previous week which had a total of 271,634 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 21,239 contracts (to a weekly total of 346,525 contracts) while the gross bearish position (shorts) rose by just 2,168 contracts for the week (to a total of 55,820 contracts).

Gold speculators boosted their bets to the highest level in ten weeks this week. The current bullish level is now at the highest standing standing since September 24th when the net position totaled +312,444 contracts. Overall, speculative positions have gained in six out of the past nine weeks to maintain an overall strong bullish level.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -322,787 contracts on the week. This was a weekly decrease of -17,320 contracts from the total net of -305,467 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 $1484.40 which was an uptick of $17.00 from the previous close of $1467.40, according to unofficial market data.


Silver speculators cut back bullish bets 1st time in 3 weeks

Overlay chart of silver COT large trader positions, price of gold for 12-3-2019 Table of Silver COT report for 12-3-2019

Silver Non-Commercial Speculator Positions:

Large precious metals speculators slightly pulled 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 50,227 contracts in the data reported through Tuesday December 3rd. This was a weekly dip of -2,283 net contracts from the previous week which had a total of 52,510 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -1,654 contracts (to a weekly total of 89,241 contracts) while the gross bearish position (shorts) rose by 629 contracts for the week (to a total of 39,014 contracts).

Silver speculators decreased their bullish bets this week following gains in the previous two straight weeks. Despite this week’s decline, the overall standing remains very bullish and above the +50,000 net contract level for a second consecutive week. This is first time silver bets have been higher than +50,000 net contracts for two straight weeks since September 17th and 24th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -74,299 contracts on the week. This was a weekly drop of -426 contracts from the total net of -73,873 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 $1724.80 which was a rise of $6.00 from the previous close of $1718.80, according to unofficial market data.


Currency speculators trim US Dollar Index bets for 9th week

Overlay chart of US Dollar Index COT large trader positions, index value, 12-3-2019

Table of US Dollar COT report for 12-3-2019

US Dollar Index Speculator Positions

Large currency speculators continued to lower their bullish net positions in the US Dollar Index futures markets once 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 23,877 contracts in the data reported through Tuesday December 3rd. This was a weekly lowering of -261 contracts from the previous week which had a total of 24,138 net contracts.

This week’s net position was the result of the gross bullish position (longs) gaining by 1,949 contracts (to a weekly total of 31,182 contracts) compared to the gross bearish position (shorts) which saw an advance by 2,210 contracts on the week (to a total of 7,305 contracts).

US Dollar Index bets continued their downfall this week as positions have declined for nine weeks in a row and by a total of -19,151 contracts over that time. The dollar index positioning, despite the recent declines, remains bullish and has continued to stayed above the +20,000 net contract level for seventy-seven 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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Posted in COT Reports |

Gold specs cut back bullish bets

Through Tuesday, November 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.

Overlay chart of gold COT Large Trader Positions November 26, 2019 Table of Gold COT Report November 26, 2019

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday (delayed due to Thanksgiving holiday).

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 271,634 contracts in the data reported through Tuesday November 26th. This was a weekly change of -14,225 net contracts from the previous week which had a total of 285,859 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -12,010 contracts (to a weekly total of 325,286 contracts) while the gross bearish position (shorts) rose by 2,215 contracts for the week (to a total of 53,652 contracts).

Gold speculators had increased their bullish positions in four out of the previous five weeks before last week’s decline. The overall bullish position remains strong and above the +250,000 net contract level for a nineteenth straight week.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -305,467 contracts on the week. This was a weekly rise of 13,628 contracts from the total net of -319,095 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 $1467.40 which was a decrease of $-6.90 from the previous close of $1474.30, according to unofficial market data.


Sorry. No silver report this week.


US Dollar Index speculators cut bullish bets 7th straight week

Overlay chart of US dollar Index Large Trader Positions for November 26, 2019

Table US dollar index COT report November 26, 2019

US Dollar Index Speculator Positions

Large currency speculators once again decreased 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 24,625 contracts in the data reported through Tuesday November 19th. This was a weekly fall of -3,159 contracts from the previous week which had a total of 27,784 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -2,408 contracts (to a weekly total of 31,509 contracts) compared to the gross bearish position (shorts) which saw a gain by 751 contracts on the week (to a total of 6,884 contracts).

US Dollar Index speculators cut back on their bullish bets for a seventh straight week and have now trimmed the net position by a total of -18,403 contracts over the past seven weeks. These recent declines have brought the overall net position to the lowest bullish level in twenty-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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Posted in COT Reports |

Gold specs up bullish bets for 4th time in 5 weeks

Through Tuesday, November 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.


Overlay chart of Gold COT large speculator positions 11-19-2019 Table of COT large speculator positions 11-19-2019

Gold Non-Commercial Speculator Positions:

Large precious metals speculators continued to increase 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 285,859 contracts in the data reported through Tuesday November 19th. This was a weekly rise of 18,793 net contracts from the previous week which had a total of 267,066 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 14,107 contracts (to a weekly total of 337,296 contracts) while the gross bearish position (shorts) declined by -4,686 contracts for the week (to a total of 51,437 contracts).

Gold speculators added to their bullish bets by over +18,000 net contracts this week and now by a total of +32,832 contracts in the past five weeks. Gold positions have been above the +250,000 net contract level for eighteen straight weeks, dating back to late July. Further gains in positioning could see bullish bets back over the +300,000 net contract level for the first time since September 24th when the net position totaled +312,444 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -319,095 contracts on the week. This was a weekly fall of -17,627 contracts from the total net of -301,468 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 $1474.30 which was an uptick of $20.60 from the previous close of $1453.70, according to unofficial market data.


Silver specs advance bullish bets for 1st time in 3 weeks

Overlay chart of COT silver speculator positions 11-19-2019 Table of COT silver speculator positions 11-19-2019

Silver Non-Commercial Speculator Positions:

Large precious metals speculators raised 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 44,716 contracts in the data reported through Tuesday November 19th. This was a weekly gain of 7,352 net contracts from the previous week which had a total of 37,364 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 571 contracts (to a weekly total of 89,898 contracts) while the gross bearish position (shorts) dropped by -6,781 contracts for the week (to a total of 45,182 contracts).

Silver speculators raised their bullish bets after positions had fallen by a total of -16,314 contracts in the previous two weeks. This week’s gain brings the overall net position back above the +40,000 net contract level and marks the twenty-fourth week that silver positioning has been in bullish territory.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -66,549 contracts on the week. This was a weekly drop of -4,657 contracts from the total net of -61,892 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 $1711.80 which was a boost of $42.60 from the previous close of $1669.20, according to unofficial market data.


US Dollar Index speculators trimmed their net positions.

Table of COT speculator positions US dollar Index

US Dollar Index Speculator Positions

 


*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).
––––––––––––––––––––––––––––––––––––––__________–––––_______––
Posted in COT Reports |