Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
By: Chris Mullen

Greg Weldon: Gold is a “coiled spring… the breakout is here, fundamentals are in place, technicals are compelling”
By: Mike Gleason

COT Gold, Silver and US Dollar Index Report - August 18, 2017
By: GoldSeek.com

A Midsummer Night's Dream: Buy Precious Metals
By: Michael J. Ballanger

Gold Miners’ Q2’17 Fundamentals
By: Adam Hamilton, CPA

BullionStar quoted in Wall Street Journal article on New York Fed Gold
By: Ronan Manly

Silver Cycles and War Cycles
By: Gary Christenson

Does Your Neck Hurt Yet From The Metals Action?
By: Avi Gilburt

Is This Selloff About to Turn into an Avalanche?
By: Rick Ackerman

Market Report: $1300+ in sight
By: Alasdair Macleod

 
Search

GoldSeek Web

 
COT Gold, Silver and US Dollar Index Report - June 3, 2016

 -- Published: Friday, 3 June 2016 | Print  | Disqus 

Gold COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

274,589

77,454

38,761

133,624

347,662

446,974

463,877

Change from Prior Reporting Period

-16,677

-7,180

-14,012

-12,581

-23,756

-43,270

-44,948

Traders

162

97

83

48

62

253

207

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

47,347

30,444

494,321

 

 

 

-5,367

-3,689

-48,637

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, May 31, 2016

 

Gold COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

281,904

66,267

145,752

200,769

434,531

628,425

646,550

Change from Prior Reporting Period

-21,646

-3,208

-42,168

-26,122

-46,399

-89,936

-91,775

Traders

210

96

144

58

67

319

263

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

51,507

33,382

679,932

 

 

 

-6,632

-4,793

-96,568

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, May 31, 2016

 

Silver COT Report: Futures

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

89,815

28,184

20,142

59,970

135,935

-7,427

-3,174

-315

873

-1,455

Traders

94

60

40

37

44

Small Speculators

Open Interest

Total

Long

Short

198,118

Long

Short

28,191

13,857

169,927

184,261

1,305

-620

-5,564

-6,869

-4,944

non reportable positions

Positions as of:

149

130

 

Tuesday, May 31, 2016

  © SilverSeek.com  

 

Silver COT Report: Futures & Options Combined

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

89,386

26,525

35,401

66,641

144,637

-6,229

-1,954

-5,749

-1,564

-3,868

Traders

107

57

69

44

46

Small Speculators

Open Interest

Total

Long

Short

221,264

Long

Short

29,836

14,701

191,429

206,563

811

-1,160

-12,731

-13,542

-11,571

non reportable positions

Positions as of:

177

150

 

Tuesday, May 31, 2016

  © SilverSeek.com  

 

US Dollar Index COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

34,099

24,193

4,029

15,663

31,709

53,791

59,931

-519

753

-199

602

501

-116

1,055

Traders

75

37

16

12

8

96

55

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

8,404

2,264

62,195

 

 

 

1,045

-126

929

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, May 31, 2016

 

US Dollar Index COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

34,074

24,180

4,306

15,756

31,814

54,136

60,300

-566

730

-167

606

508

-126

1,071

Traders

76

36

22

12

8

100

57

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

8,481

2,317

62,617

 

 

 

1,067

-130

941

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, May 31, 2016

  

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.


| Digg This Article
 -- Published: Friday, 3 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.