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COT Gold, Silver and US Dollar Index Report - August 30, 2013


-- Posted Friday, 30 August 2013 | | Disqus

Gold COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

150,074

71,785

18,030

175,698

263,336

343,802

353,151

Change from Prior Reporting Period

-1,274

-19,167

-1,974

-912

19,061

-4,160

-2,080

Traders

118

77

65

62

66

215

179

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

40,300

30,951

384,102

 

 

 

2,852

772

-1,308

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, August 27, 2013

 

Gold COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

180,516

54,299

207,075

291,605

427,759

679,196

689,133

Change from Prior Reporting Period

5,924

-17,396

-18,086

-12,155

13,715

-24,317

-21,767

Traders

152

84

123

69

71

273

232

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

43,920

33,983

723,116

 

 

 

363

-2,187

-23,954

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, August 27, 2013

 

Silver COT Report: Futures

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

33,147

16,767

13,533

54,973

79,347

-4,161

-2,033

-2,006

-4,466

-3,366

Traders

57

50

49

44

43

Small Speculators

Open Interest

Total

Long

Short

122,271

Long

Short

20,618

12,624

101,653

109,647

1,828

-1,400

-8,805

-10,633

-7,405

non reportable positions

Positions as of:

132

119

 

Tuesday, August 27, 2013

  © SilverSeek.com  

 

Silver COT Report: Futures & Options Combined

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

36,779

15,061

45,482

77,173

107,420

-2,004

-899

-9,077

-9,421

-6,955

Traders

70

50

65

45

47

Small Speculators

Open Interest

Total

Long

Short

182,448

Long

Short

23,014

14,485

159,434

167,963

1,857

-1,714

-18,645

-20,502

-16,931

non reportable positions

Positions as of:

146

139

 

Tuesday, August 27, 2013

  © SilverSeek.com  

 

US Dollar Index COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

49,100

37,391

2,630

13,865

31,562

65,595

71,583

-1,329

-680

154

-59

-628

-1,234

-1,154

Traders

100

31

12

15

8

118

49

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

8,335

2,347

73,930

 

 

 

-60

-140

-1,294

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, August 27, 2013

 

US Dollar Index COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

48,878

37,468

3,172

14,224

31,682

66,274

72,323

-1,352

-668

191

-27

-642

-1,188

-1,120

Traders

104

31

16

15

8

123

52

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

8,453

2,404

74,727

 

 

 

-69

-137

-1,257

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, August 27, 2013

  

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.   The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m. Eastern time.   The short report shows open interest separately by reportable and Non-reportable positions.   For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading, changes from the previous report.

 

Futures and Options Combined

What does this title mean?   A future is a standardized contract traded through regulated exchanges where an investor buys or sells a contract at a specified price for a specific date in the future.   The price includes the interest charge due to the seller by the buyer from the date of the contract to the due date.   An option is the ‘right to buy or sell’ a contract at a fixed date in the future at a specific [strike] price.   The difference is that a futures contract is an agreement to buy or sell, whereas an option gives the holder the right to buy or sell.   An option holder can decide not to take up that right and will only lose the cost of buying the option.   His loss is therefore definable at the start of his investment, while the potential profit has not limit to it.   A futures contract is usually leveraged [a loan provided] up to 90% of the contract.   However, with the owner liable to top up his ‘margin’ to maintain this 10% his potential losses can rise far higher than his investment.  A ‘long’ [buying] contract limits its loss to the full price of the item, whereas the ‘short’ [selling] contract has no limit except the height that the price of the item can rise to.

 

The Commitment of Traders report [COT] is therefore a report on the overall position of the Commodity Exchange [COMEX or NYMEX].

 

Large & Small Speculators

The word “speculator” implies that the person is simply making a bet on the way he thinks the price of the item is going to move.   In essence, he is a gambler.   A trader might be this, but then again he might be an Arbitrageur, buying in one market and selling in another to capture the price difference between the two.   He wants to deal as fast as possible so as to minimize his risk of a price movement while he is exposed.   We would not put him in the same category as a speculator.

 

Contract

One contract is 100 ounces of gold, or 5,000 ounces silver.   The numbers referred to above are therefore the number of contracts in that position.   The net long speculative position is found by adding the large and small speculators bought contracts and deducting the large and small speculators sold contracts.   We work on there being 32,150 ounces in a tonne.

 

Buy [Long]

A long position is where an investor, trader, speculator buys 100 ounces x the number of contracts.     

 

Sell [Short]

A short position is where an investor, trader, speculator sells 100 ounces x the number contracts.

 

Spreading

For the options-and-futures-combined report, spreading measures the extent to which each non-commercial trader holds equal combined-long and combined-short positions. For example, if a non-commercial trader in Gold futures holds 2,000 long contracts and 1,500 short contracts, 500 contracts will appear in the "Long" category and 1,500 contracts will appear in the "Spreading" category.

 

Open Interest

Open interest is the total of all futures and/or option contracts entered into and not yet offset by a transaction, by delivery, by exercise, etc. The aggregate of all long open interest is equal to the aggregate of all short open interest.

 

Reportable Positions

Clearing members, futures commission merchants, and foreign brokers (collectively called "reporting firms") file daily reports with the Commission. Those reports show the futures and option positions of traders that hold positions above specific reporting levels set by CFTC regulations.

 

Commercial and Non-commercial Traders

When an individual reportable trader is identified to the Commodities Futures Trading Commission, the trader is classified either as "commercial" or "non-commercial." All of a trader's reported futures positions in a commodity are classified as commercial if the trader uses futures contracts in that particular commodity for hedging as defined in the Commission's regulations (1.3(z)).

 

Non-reportable Positions

The long and short open interest shown as "Non-reportable Positions" are derived by subtracting total long and short "Reportable Positions" from the total open interest. Accordingly, for "Non-reportable Positions," the number of traders involved and the commercial/non-commercial classification of each trader are unknown.

 

Changes in Commitments from Previous Reports

Changes represent the differences between the data for the current report date and the data published in the previous report.

 

Number of Traders

To determine the total number of reportable traders in a market, a trader is counted only once regardless whether the trader appears in more than one category (non-commercial traders may be long or short only and may be spreading; commercial traders may be long and short). To determine the number of traders in each category, however, a trader is counted in each category in which the trader holds a position. Therefore, the sum of the numbers of traders in each category will often exceed the "Total" number of traders in that market.


-- Posted Friday, 30 August 2013 | Digg This Article | Source: GoldSeek.com

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