{"id":113798,"date":"2017-09-30T09:49:55","date_gmt":"2017-09-30T13:49:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=113798"},"modified":"2017-09-30T09:49:55","modified_gmt":"2017-09-30T13:49:55","slug":"gold-speculators-sharply-lowered-their-bullish-net-positions-for-2nd-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/gold-speculators-sharply-lowered-their-bullish-net-positions-for-2nd-week\/","title":{"rendered":"Gold Speculators sharply lowered their bullish net positions for 2nd week"},"content":{"rendered":"
September 30, 2017<\/div>
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By CountingPips.com<\/strong>\u00a0–\u00a0Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

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Gold Non-Commercial Speculator Positions:<\/b><\/p>\n

Large metals speculators cut back on their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC)\u00a0on Friday<\/span><\/span>.<\/p>\n

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 212,594 contracts in the data reported through Tuesday September 26th. This was a weekly lowering of -23,495 contracts from the previous week which had a total of 236,089 net contracts.<\/p>\n

Gold speculative positions have dropped sharply over the past two weeks\u00a0(total of -42,166 contracts) after rising for the previous eight weeks which had added\u00a0+194,622 contracts to the total net position.<\/p>\n

Gold Commercial Positions:<\/b><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -233,471 contracts on the week. This was a weekly gain of 19,570 contracts from the total net of -253,041 contracts reported the previous week.<\/p>\n

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GLD ETF:<\/b><\/p>\n

Over the same weekly reporting time-frame, from\u00a0Tuesday<\/span><\/span>\u00a0to\u00a0Tuesday<\/span><\/span>, the GLD ETF, which tracks the price of gold, closed at approximately $123.14 which was a shortfall of $-1.48 from the previous close of $124.62, according to unofficial market data.<\/p>\n

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*COT Report:<\/strong>\u00a0The COT data, released weekly to the public each\u00a0Friday<\/span><\/span>, is updated through the most recent\u00a0Tuesday<\/span><\/span>\u00a0(data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures 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<\/a>).<\/p><\/blockquote>\n

Article by\u00a0CountingPips.com<\/strong>\u00a0–\u00a0Weekly COT Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com\u00a0–\u00a0Receive our weekly COT Reports by Email Gold Non-Commercial Speculator Positions: Large metals speculators cut back on their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC)\u00a0on Friday. The non-commercial futures contracts of Gold futures, traded […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113798","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113798"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113798\/revisions"}],"predecessor-version":[{"id":113823,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113798\/revisions\/113823"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}