By CountingPips.com | Weekly Large Trader COT Report: Gold
Gold speculative positions jumped up last week to +151,301 contracts
GOLD Non-Commercial Positions:
Gold speculator and large futures traders sharply added to their gold bullish positions last week as gold positions rose for a fifth straight week to the highest level since 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +151,301 contracts in the data reported through October 20th. This was a weekly change of +34,142 contracts from the previous week’s total of +117,159 net contracts that was registered on October 13th.
The rise in the weekly net speculator positions (+34,142 net contracts) was due to a gain in the weekly bullish positions by +29,928 contracts that combined with a fall in the weekly bearish positions by -4,214 contracts.
Free Reports:
The bullish speculator level in gold is at its highest point since February 10th 2015 when the gold level was at +155,274 contracts.
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) decreased their overall bearish positions for a fifth week to a net total position of -163,300 contracts through October 20th. This was a weekly change of -44,806 contracts from the total net position of -118,494 contracts on October 13th.
GLD ETF:
Over the weekly reporting time-frame, from Tuesday October 13th to Tuesday October 20th, the price of the (GLD) Gold ETF, which tracks the gold spot price, rose from approximately $111.86 to $112.73, 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 |
| 20150915 | 413333 | -8399 | -32979 | 23000 | 39547 | -19746 |
| 20150922 | 419304 | 5971 | -57228 | -24249 | 61125 | 21578 |
| 20150929 | 415700 | -3604 | -73143 | -15915 | 76645 | 15520 |
| 20151006 | 430228 | 14528 | -88469 | -15326 | 86819 | 10174 |
| 20151013 | 435928 | 5700 | -118494 | -30025 | 117159 | 30340 |
| 20151020 | 467792 | 31864 | -163300 | -44806 | 151301 | 34142 |
*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
Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts. All information and opinions on this website are for general informational purposes only and do not constitute investment advice.
