{"id":150513,"date":"2019-06-29T11:22:47","date_gmt":"2019-06-29T15:22:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150513"},"modified":"2019-06-29T12:47:25","modified_gmt":"2019-06-29T16:47:25","slug":"gold-speculators-continue-raising-their-bullish-bets-sharply-for-4th-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/gold-speculators-continue-raising-their-bullish-bets-sharply-for-4th-week\/","title":{"rendered":"Gold Speculators continue raising their bullish bets sharply for 4th week"},"content":{"rendered":"<div id=\"inves-1942358507\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 29, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>June 29th &#8211; By CountingPips.com<\/strong> &#8211; <a href=\"http:\/\/bit.ly\/2Kf9qV6\"><strong>Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n\t<style type=\"text\/css\" scoped=\"scoped\">\n\t\t#gallery-1 {\n\t\t\tclear: both;\n\t\t}\n\t\t#gallery-1 .gallery-item-wrapper {\n\t\t\tfloat: left;\n\t\t\tmargin: 0;\n\t\t\tpadding: 0;\n\t\t\twidth: 100%;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-item-wrapper,\n\t\t#ie7 #gallery-1 .gallery-item-wrapper {\n\t\t\twidth: 100%;\n\t\t}\n\t\t#gallery-1 .gallery-item {\n\t\t\tdisplay: block;\n\t\t\tfloat: none;\n\t\t\tmargin: 5px;\n\t\t\twidth: auto !important;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-item {\n\t\t\tdisplay: inline;\n\t\t}\n\t\t#gallery-1 .gallery-icon a {\n\t\t\tdisplay: block;\n\t\t\tline-height: 0;\n\t\t}\n\t\t#gallery-1 img {\n\t\t\twidth: 100% !important;\n\t\t\tmax-width: 100% !important;\n\t\t\theight: auto !important;\n\t\t}\n\t\t#gallery-1 .gallery-caption {\n\t\t\toverflow: hidden;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-caption {\n\t\t\tword-wrap: break-word;\n\t\t}\n\t<\/style>\n<div id='gallery-1' class='gallery galleryid-150513 gallery-columns-1 gallery-size-full clearfix'>\n<div class='gallery-item-wrapper'>\n<dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon'>\n\t\t\t\t<a href='https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_2-3.png'><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"700\" src=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_2-3.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_2-3.png 900w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_2-3-300x233.png 300w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_2-3-768x597.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a>\n\t\t\t<\/dt><\/dl>\n<\/div>\n<br style=\"clear: both\" \/><\/div>\n\n<p><b>Gold Non-Commercial Speculator Positions:<\/b><\/p>\n<p>Large precious metals speculators raised their bullish net positions higher in the Gold futures markets this week, according to the latest <a href=\"https:\/\/www.countingpips.com\/research\/commitment-of-traders-what-is-the-cot-report-traders-speculators-open-interest\/\">Commitment of Traders (COT)<\/a> data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n<p>The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 236,554 contracts in the data reported through Tuesday June 25th. This was a weekly boost of 32,231 net contracts from the previous week which had a total of 204,323 net contracts.<\/p>\n<p>The week&#8217;s net position was the result of the gross bullish position (longs) gaining by 23,475 contracts (to a weekly total of 298,108 contracts) and combined with the gross bearish position (shorts) that fell by -8,756 contracts for the week (to a total of 61,554 contracts).<\/p>\n<p><strong>Spec Sentiment Strengthens<\/strong><\/p><div id=\"inves-267328160\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>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><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>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><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The gold large speculator position rose sharply for a fourth straight week and has risen by a total of just about +150,000 net contracts in these last four weeks.\u00a0The gold speculator position had recently been as low as +37,395 contracts on April 23rd (just 10 weeks ago) before seeing a bullish surge in sentiment and shooting to higher levels over these past 10 weeks.<\/p>\n<p>Gold bets are above the +200,000 contract level for a second straight week and are now at the highest level since September 9th of 2017.<\/p>\n<p><b>Gold Commercial Positions:<\/b><\/p>\n<p>The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -260,150 contracts on the week. This was a weekly fall of -36,295 contracts from the total net of -223,855 contracts reported the previous week.<\/p>\n\t<style type=\"text\/css\" scoped=\"scoped\">\n\t\t#gallery-2 {\n\t\t\tclear: both;\n\t\t}\n\t\t#gallery-2 .gallery-item-wrapper {\n\t\t\tfloat: left;\n\t\t\tmargin: 0;\n\t\t\tpadding: 0;\n\t\t\twidth: 100%;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-item-wrapper,\n\t\t#ie7 #gallery-2 .gallery-item-wrapper {\n\t\t\twidth: 100%;\n\t\t}\n\t\t#gallery-2 .gallery-item {\n\t\t\tdisplay: block;\n\t\t\tfloat: none;\n\t\t\tmargin: 5px;\n\t\t\twidth: auto !important;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-item {\n\t\t\tdisplay: inline;\n\t\t}\n\t\t#gallery-2 .gallery-icon a {\n\t\t\tdisplay: block;\n\t\t\tline-height: 0;\n\t\t}\n\t\t#gallery-2 img {\n\t\t\twidth: 100% !important;\n\t\t\tmax-width: 100% !important;\n\t\t\theight: auto !important;\n\t\t}\n\t\t#gallery-2 .gallery-caption {\n\t\t\toverflow: hidden;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-caption {\n\t\t\tword-wrap: break-word;\n\t\t}\n\t<\/style>\n<div id='gallery-2' class='gallery galleryid-150513 gallery-columns-1 gallery-size-full clearfix'>\n<div class='gallery-item-wrapper'>\n<dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon'>\n\t\t\t\t<a href='https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_1-3.png'><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"700\" src=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_1-3.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_1-3.png 900w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_1-3-300x233.png 300w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/06\/GC_1-3-768x597.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a>\n\t\t\t<\/dt><\/dl>\n<\/div>\n<br style=\"clear: both\" \/><\/div>\n\n<p><b>Gold Futures:<\/b><\/p>\n<p>Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1418.70 which was an increase of $68.00 from the previous close of $1350.70, according to unofficial market data.<\/p>\n<blockquote><p><strong>*COT Report:<\/strong> The <a href=\"https:\/\/www.countingpips.com\/research\/commitment-of-traders-what-is-the-cot-report-traders-speculators-open-interest\/\">COT data<\/a>, released weekly to the public each Friday, is updated through the most recent Tuesday (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 &amp; traders for business purposes) were positioned in the futures markets.<\/p>\n<p>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).<\/p>\n<p>Find CFTC criteria here: (http:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/ExplanatoryNotes\/index.htm).<\/p><\/blockquote>\n<p>Article <strong>By CountingPips.com<\/strong> &#8211; <a href=\"http:\/\/bit.ly\/2Kf9qV6\"><strong>Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>June 29th &#8211; By CountingPips.com &#8211; Receive our weekly COT Reports by Email Gold Non-Commercial Speculator Positions: Large precious metals speculators raised their bullish net positions higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-150513","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150513","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=150513"}],"version-history":[{"count":5,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150513\/revisions"}],"predecessor-version":[{"id":150586,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150513\/revisions\/150586"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}