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COT: Gold Traders Are All In…Again

COT: Gold Traders Are All In…Again

Jamie Saettele, CMT, Sr. Technical Strategist
  • Gold traders buy in…again
  • British Pound speculators are most short since July 2013
  • Crude open interest soars to another record

Latest CFTC Release dated January 20, 2014:

Week (Data for Tuesdays)

52 week Percentile

US Dollar

98

Euro

0

British Pound

0

Australian Dollar

4

Japanese Yen

49

Canadian Dollar

20

Swiss Franc

49

Mexican Peso

4

Gold

98

Silver

92

Copper

2

Crude

25

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Euro

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

British Pound

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Australian Dollar

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Japanese Yen

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Swiss Franc

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Mexican Peso

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Gold

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Silver

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Copper

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

Crude

COT: Gold Traders Are All In…Again

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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