Weekly Large Trader COT Report: Gold
Gold speculative positions rose up last week to +117,159 contracts
GOLD Non-Commercial Positions:
Gold speculator and large futures traders sharply raised their gold bullish positions higher last week for a fourth straight 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 +117,159 contracts in the data reported through October 13th. This was a weekly change of +30,340 contracts from the previous weekâs total of +86,819 net contracts that was registered on October 6th.
The tick up in the weekly net speculator positions (+30,340 net contracts) was due to a gain in the weekly bullish positions by +12,299 contracts that combined with a drop in the weekly bearish positions by -18,041 contracts.
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) cut their overall bearish positions for a fourth week to a net total position of -118,494 contracts through October 13th. This was a weekly change of -30,025 contracts from the total net position of -88,469 contracts on October 6th.
GLD ETF:
Over the weekly reporting time-frame, from Tuesday October 6th to Tuesday October 13th, the price of the (N:GLD) Gold ETF , which tracks the gold spot price, rose from approximately $109.86 to $111.86, according to ETF price data of the SPDR Gold Trust ETF (GLD).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150908 | 421732 | 11458 | -55979 | 13109 | 59293 | -13392 |
| 20150915 | 413333 | -8399 | -32979 | 23000 | 39547 | -19746 |
| 20150922 | 419304 | 5971 | -57228 | -24249 | 61125 | 21578 |
| 20150929 | 415700 | -3604 | -73143 | -15915 | 76645 | 15520 |
| 20151006 | 430228 | 14528 | -88469 | -15326 | 86819 | 10174 |
| 20151013 | 435928 | 5700 | -118494 | -30025 | 117159 | 30340 |
*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).
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