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COT Gold, Silver and US Dollar Index Report - June 10, 2016

 -- Published: Friday, 10 June 2016 | Print  | Disqus 

Gold COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

295,688

67,069

41,132

112,940

356,632

449,760

464,833

Change from Prior Reporting Period

21,099

-10,385

2,371

-20,684

8,970

2,786

956

Traders

164

88

76

47

62

252

193

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

46,570

31,497

496,330

 

 

 

-777

1,053

2,009

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, June 07, 2016

 

Gold COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

309,440

58,763

153,450

187,322

453,086

650,212

665,299

Change from Prior Reporting Period

27,537

-7,504

7,698

-13,447

18,555

21,787

18,749

Traders

196

102

140

57

69

315

256

 

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

50,986

35,899

701,199

 

 

 

-521

2,517

21,267

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Gold Report - Positions as of

Tuesday, June 07, 2016

 

Silver COT Report: Futures

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

86,676

29,635

21,265

56,476

128,310

-3,139

1,451

1,123

-3,494

-7,625

Traders

87

59

43

36

42

Small Speculators

Open Interest

Total

Long

Short

192,376

Long

Short

27,959

13,166

164,417

179,210

-232

-691

-5,742

-5,510

-5,051

non reportable positions

Positions as of:

145

128

 

Tuesday, June 07, 2016

  © SilverSeek.com  

 

Silver COT Report: Futures & Options Combined

Large Speculators

Commercial

Long

Short

Spreading

Long

Short

86,319

27,864

36,573

63,296

137,422

-3,067

1,338

1,172

-3,345

-7,215

Traders

104

55

71

43

44

Small Speculators

Open Interest

Total

Long

Short

216,070

Long

Short

29,882

14,212

186,188

201,858

47

-489

-5,194

-5,240

-4,705

non reportable positions

Positions as of:

175

148

 

Tuesday, June 07, 2016

  © SilverSeek.com  

 

US Dollar Index COT Report - Futures

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

37,987

28,188

7,526

17,029

31,733

62,542

67,447

3,888

3,995

3,497

1,366

24

8,751

7,516

Traders

78

36

18

10

9

100

54

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

7,597

2,692

70,139

 

 

 

-807

428

7,944

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, June 07, 2016

 

US Dollar Index COT Report - Futures & Options Combined

Large Speculators

Commercial

Total

Long

Short

Spreading

Long

Short

Long

Short

38,075

28,282

7,623

17,076

31,764

62,774

67,669

4,001

4,102

3,317

1,320

-50

8,638

7,369

Traders

79

36

20

10

9

102

55

 

Small Speculators

 

 

 

 

Long

Short

Open Interest

 

 

 

7,642

2,746

70,416

 

 

 

-839

430

7,799

 

 

 

non reportable positions

Change from the previous reporting period

 

COT Silver Report - Positions as of

Tuesday, June 07, 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.


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 -- Published: Friday, 10 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

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