Monday, 30 June 2014

Big change in GOLD commitments [CFTC COT of June 24th]

COT data of June 24th 2014 - Comex Gold

Total o/i  392388, spreads 24959 (6.4%).  Closing price June 24th 1318.25
 
Nett differences:  Commercials -131607 (from -78325)  Large Specs +120859 (from +78295)  Small Specs +10748 (from +30)   
 
Proportions:   
Commercials (56.8% of total o/i) -
38.9% of Longs (from 44.4%), 74.7% of Shorts (vs 66.5%), balance minus 35.8 (vs minus 22.1)
Large Specs 33.5% of total) -
49.9% of Longs (from 45.8%), 17.0% of Shorts (vs 23.7%), balance plus 32.9 (vs plus 22.1)
Small Specs (9.7% of total) -
11.2% of Longs (from 9.8%), 8.3% of Shorts (vs 9.8%), balance plus 2.9 (vs square) 

Commercials have massively reduced longs and added to shorts, while both Large and Small Specs have done the reverse. The Commercials generally win ....