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 ....