By CountingPips.com
Weekly CFTC Net Speculator Gold Report
GOLD: Futures market speculators increased overall bullish bets in the gold futures market last week and have added to their long positions for four our of last five weeks, 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 +96,491 contracts in the data reported through May 20th. This was a weekly change of +4,857 contracts from the previous week’s total of +91,634 net contracts that was registered on May 13th.
Over the weekly reporting time-frame, from Tuesday May 13th to Tuesday May 20th, the gold price fell slightly from $1,295.20 to $1,294.60 per ounce, according to gold futures price data from investing.com.
Last 6 Weeks of Large Trader Non-Commercial Positions
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| Date | Open Interest | Long Specs | Short Specs | Net Non-Commercials | Weekly Change | Gold Price |
| 04/15/2014 | 369577 | 147432 | 68140 | 79292 | -9307 | 1302.90 |
| 04/22/2014 | 372593 | 146880 | 65047 | 81833 | 2541 | 1284.90 |
| 04/29/2014 | 378092 | 147769 | 62542 | 85227 | 3394 | 1296.20 |
| 05/06/2014 | 404700 | 160982 | 63026 | 97956 | 12729 | 1307.60 |
| 05/13/2014 | 397029 | 157176 | 65542 | 91634 | -6322 | 1295.20 |
| 05/20/2014 | 399371 | 157398 | 60907 | 96491 | 4857 | 1294.60 |
*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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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