By CountingPips.com | Weekly Large Trader COT Report: Gold
Gold speculative positions rose to +72,685 contracts
GOLD Non-Commercial Positions:
Gold speculator and large futures traders sharply slightly edged their gold bullish positions higher last week for a fifth straight week of gains, 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +72,685 contracts in the data reported through September 1st. This was a weekly change of +1,952 contracts from the previous weekâs total of +70,733 net contracts that was registered on August 25th.
The increase in the weekly net speculator positions (+1,952 net contracts) was due to a bigger decline in the weekly bearish positions by 9,092 contracts that overtook a decrease in the weekly bullish positions by 7,140 contracts.
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Gold Commercial Positions:
In the commercial positions for gold on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) added to their overall bearish positions for a fourth week to a net total position of -69,088 contracts through September 1st. This was a weekly change of -6,452 contracts from the total net position of -62,636 contracts on August 25th.
GLD ETF:
Over the weekly reporting time-frame, from Tuesday August 25th to Tuesday September 1st, the price of the (GLD) Gold ETF , which tracks the gold spot price, edged higher from approximately $109.16 to $109.20, according to ETF price data of the SPDR Gold Trust ETF (GLD).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150728 | 438282 | -21478 | -15266 | 6318 | 24465 | -3814 |
| 20150804 | 434273 | -4009 | -14820 | 446 | 29900 | 5435 |
| 20150811 | 435489 | 1216 | -24458 | -9638 | 32442 | 2542 |
| 20150818 | 432728 | -2761 | -29948 | -5490 | 41659 | 9217 |
| 20150825 | 432154 | -574 | -62636 | -32688 | 70733 | 29074 |
| 20150901 | 410274 | -21880 | -69088 | -6452 | 72685 | 1952 |
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).
Article by CountingPips.com
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