Gold Speculators Raise Bullish Positions For 4th Week
Zachary Storella | Aug 31, 2015 01:48AM ET
Weekly Large Trader COT Report: Gold
Gold speculative positions rose last week to +70,733 contracts
GOLD Non-Commercial Positions:
Gold speculator and large futures traders sharply added to their gold bullish positions last week for a fourth consecutive 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +70,733 contracts in the data reported through August 25th. This was a weekly change of +29,074 contracts from the previous week’s total of +41,659 net contracts that was registered on August 18th.
The rise in the weekly net speculator positions was due to a gain in the weekly bullish positions by 4,181 contracts, which combined with a large decline in the weekly bearish positions by -24,893 contracts to show a weekly net gain of +29,074 net 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) increased their overall bearish positions for a third week to a net total position of -62,636 contracts through August 25th. This was a weekly change of -32,688 contracts from the total net position of -29,948 contracts on August 18th.
GLD ETF:
Over the weekly reporting time-frame, from Tuesday August 18th to Tuesday August 25th, the price of the (NYSE:GLD) Gold ETF , which tracks the gold spot price, climbed from approximately $107.11 to $109.16, 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 |
| 20150721 | 459760 | -2904 | -21584 | 26885 | 28279 | -19545 |
| 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 |
Get The News You Want
*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)
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.