By CountingPips.com | Weekly CFTC Net Speculator Gold Report
GOLD Non-Commercial Positions:
Gold speculator and large futures trader positions were virtually unchanged last week as gold bullish bets hovered above +100,000 net contracts for a second 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 +101,257 contracts in the data reported through April 28th. This was a weekly change of just +12 contracts from the previous week’s total of +101,245 net contracts that was registered on April 21st.
The results in the weekly net speculator positions (+12 contracts) was due to a rise in the weekly bullish positions by 5,362 contracts which virtually matched up with the weekly bearish positions that increased by 5,350 contracts.
Over the weekly reporting time-frame, from Tuesday April 21st to Tuesday April 28th, the gold price increased from approximately $1,203.10 to $1,213.90 per ounce, according to gold futures price data from investing.com.
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Gold Commercial Positions:
In the commercial positions for gold on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) slightly added to their existing bearish positions for a net total position of -106,872 contracts through April 28th. This is a weekly change of -1,866 contracts from the total net of -105,006 contracts on April 21st.
Last 6 Weeks of Large Trader Non-Commercial Gold Positions
| Date | Open Interest | Specs Long | Specs Short | Com Long | Com Short | Net Com | Com Chg | Net Specs | Specs Chg |
| 03/24/2015 | 433767 | 168234 | 113953 | 178058 | 230983 | -52925 | 3565 | 54281 | 1188 |
| 03/31/2015 | 387585 | 172818 | 92799 | 144197 | 225312 | -81115 | -28190 | 80019 | 25738 |
| 04/07/2015 | 390571 | 183130 | 82373 | 133199 | 241488 | -108289 | -27174 | 100757 | 20738 |
| 04/14/2015 | 395089 | 184741 | 86344 | 130960 | 234553 | -103593 | 4696 | 98397 | -2360 |
| 04/21/2015 | 397379 | 184567 | 83322 | 126107 | 231113 | -105006 | -1413 | 101245 | 2848 |
| 04/28/2015 | 403575 | 189929 | 88672 | 125733 | 232605 | -106872 | -1866 | 101257 | 12 |
*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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