{"id":150555,"date":"2019-06-29T14:11:47","date_gmt":"2019-06-29T18:11:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150555"},"modified":"2019-06-29T14:11:47","modified_gmt":"2019-06-29T18:11:47","slug":"cot-report-gold-silver-bets-surge-higher-while-copper-usd-index-bets-slide","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/cot-report-gold-silver-bets-surge-higher-while-copper-usd-index-bets-slide\/","title":{"rendered":"COT Report: Gold & Silver bets surge higher while Copper & USD Index bets slide"},"content":{"rendered":"
June 29, 2019<\/div>
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By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

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Here are this week\u2019s links to the latest Commitment of Traders data<\/a> changes that were released on Friday.<\/strong><\/p>\n

This week in the COT data, precious metals speculators once again added to their bullish positions sharply for a fourth week. Gold<\/strong><\/a> positions have strengthened by approximately +150,000 net contracts in just these last four weeks and are now at the most bullish level since September 9th of 2017.<\/p>\n

Silver<\/strong><\/a> bets continued their dramatic turnaround this week and improved for a fourth week. Silver had been at a low of -22,409 contracts on May 28th before a sharp surge in bullishness in the past month.<\/p>\n

Copper<\/strong><\/a> speculators, meanwhile, increased their short bets this week and for the ninth time out of the past ten weeks.<\/p>\n

In currencies<\/a>, the USD Index<\/strong><\/a> Speculators reduced their bullish bets for the third time in the past four weeks. The Canadian dollar<\/strong><\/a> and Japanese yen<\/strong> speculative positions saw improvements on the week (lower bearish levels) while Euro<\/strong> speculators added to bearish bets slightly this week after a strong improvement last week.<\/p>

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The 10-Year Bond<\/strong><\/a> speculators bailed out of their net short positions sharply this week by the largest one-week amount since November 13th of 2018. These usually reliable trend-followers have been caught on the wrong side of this market as 10-year bonds have rallied approximately 7.5% this year and yields have plummeted with the 10-year yield currently at 2.00%.<\/p>\n

The WTI Crude oil<\/strong><\/a> speculators raised their bullish net positions for a second straight week although this was a second weekly gain due to short-covering.<\/p>\n

Finally, VIX<\/strong> speculators continued to add to their bearish positions<\/a> again this week and have now added to short bets in five out of the past six weeks. The bearish sentiment has picked up again and the overall bearish position is now above the -100,000 contract level for a second straight week.<\/p>\n

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US Dollar Index Speculators trim bullish bets. Japanese Yen, Canadian Loonie bets rise<\/a><\/h2>\n\t