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Record Trend Following Long Position in Gold

Record Trend Following Long Position in Gold

Jamie Saettele, CMT, Sr. Technical Strategist
  • Record trend following net long position in gold
  • Trend following long position in USD is smallest in nearly 2 years
  • Little change from historically extreme ownership profile in silver

For more analysis and trade setups, visit SB Trade Desk

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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.

Latest CFTC Release dated April 26th, 2015:

Week (Data for Tuesdays)

52 week Percentile

US Dollar

0

Euro

100

British Pound

22

Australian Dollar

98

Japanese Yen

90

Canadian Dollar

100

Swiss Franc

84

Mexican Peso

90

Gold

100

Silver

98

Copper

80

Crude

88

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar ICEUS Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Australian DollarCME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Japanese YenCME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Canadian DollarCME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

Record Trend Following Long Position in Gold

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

Record Trend Following Long Position in Gold

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

Jamie is the author of Sentiment in the Forex Market and co-founder of SB Trade Desk.

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

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