By CountingPips.com | Weekly CFTC Net Speculator Gold Report
GOLD: Large futures traders and gold speculators raised their overall bullish bets in gold for the third consecutive week last 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 +130,226 contracts in the data reported through January 13th. This was a weekly change of +8,048 contracts from the previous week’s total of +122,178 net contracts that was registered on January 6th.
The gain in the net speculator positions (+8,048 contracts) was due to an increase in the weekly bullish positions by +5,254 contracts combined with a decline in the gold bearish positions by -2,794 contracts.
Gold speculative positions have been up six out of the last seven weeks and remain at their highest level since August 19th when positions equaled +137,976 contracts.
Over the weekly reporting time-frame, from Tuesday January 6th to Tuesday January 13th, the gold price advanced from approximately $1,219.40 to $1,234.40 per ounce, according to gold futures price data from investing.com.
Free Reports:
Last 6 Weeks of Large Trader Non-Commercial Gold Positions
| Date | Open Interest | Long Specs | Short Specs | Net Non-Commercials | Weekly Change | Gold Price |
| 12/09/2014 | 375323 | 186861 | 71999 | 114862 | 25532 | 1232 |
| 12/16/2014 | 371743 | 182147 | 63739 | 118408 | 3546 | 1194.3 |
| 12/23/2014 | 375212 | 180980 | 70070 | 110910 | -7498 | 1178 |
| 12/30/2014 | 373982 | 182897 | 67060 | 115837 | 4927 | 1200.4 |
| 01/06/2015 | 394021 | 187705 | 65527 | 122178 | 6341 | 1219.4 |
| 01/13/2015 | 402108 | 192959 | 62733 | 130226 | 8048 | 1234.4 |
*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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