COT Report: Gold bets at 3-Year High. USD, Silver bets rise. Copper to new bearish record

September 7, 2019

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Here are the latest links to our coverage of the Commitment of Traders data changes.

This week in the COT data, currency speculators added to their US Dollar Index bullish positions for a second straight week and pushed the dollar positioning back above the +30,000 net contract level.

The euro speculator bets went more bearish for a 2nd straight week and for the fifth time out of the past seven weeks.

Precious metals speculators finally boosted their Gold positions over the +300,000 net contract level this week and to the highest level in just about 3 years.

Silver speculator bets rose again this week for a third straight week and reached the most bullish level since late July.


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On the opposite side of the precious metal spectrum, Copper speculator positions recorded a new all-time record high bearish position for a second straight week at a total of -58,841 net contracts.

VIX speculators rebooted their bearish bets this week for the first time in the last five weeks. From August 6th to August 27th, VIX speculator positions had shed a total of 87,161 contracts from their bearish standing during the bit of risk off market sentiment.

The 10-Year Bond speculators raised their bearish bets this week after shedding over 90,000 contracts from their bearish position last week. Specs continue to hold strong in their bearish sentiment despite the strong trend in the 10-year notes.

Lastly, the WTI Crude Oil speculators reduced their bullish bets for a second consecutive week. The speculative standing has remained consistently bullish but has been trending lower recently with net positions under the +400,000 contract level for the 11th time out of the past 13 weeks.


US Dollar Index Speculators raised their bullish bets. Euro bets fell sharply this week

Large currency speculators boosted 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. See full article.


WTI Crude Oil Speculators lowered their bullish bets for 2nd straight week

The large speculator contracts of WTI crude futures totaled a net position of 384,157 contracts, according to the latest data this week. This was a change of -7,493 contracts from the previous weekly total. See full article.


10-Year Note Speculators rebooted their bearish bets this week

Large speculator contracts of the 10-Year Bond futures totaled a net position of -377,867 contracts, according to the latest data this week. This was a change of -67,963 contracts from the previous weekly total. See full article.


Gold Speculators increased their bullish bets to highest since Sept. 2016

Large precious metals speculator contracts of the Gold futures totaled a net position of 300,547 contracts, according to the latest data this week. This was a change of 3,709 contracts from the previous weekly total. See full article.


VIX Speculators raised their bearish bets for 1st time in 5 weeks

Large stock market volatility speculator contracts of the VIX futures totaled a net position of -66,642 contracts, according to the latest data this week. This was a change of -9,489 contracts from the previous weekly total. See full article.


Silver Speculators pushed their bullish bets higher for a 3rd week

Large precious metals speculator contracts of the silver futures totaled a net position of 62,125 contracts, according to the latest data this week. This was a change of 2,273 contracts from the previous weekly total. See full article.


Copper Speculators nudged their bets to new record high bearish level

Metals speculator contracts of the copper futures totaled a net position of -58,841 contracts, according to the latest data this week. This was a change of -361 contracts from the previous weekly total. See full article.


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*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) 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).