Posted Friday, 14 October 2011
Gold COT Report - Futures | ||||||
Large Speculators | Commercial | Total | ||||
Long | Short | Spreading | Long | Short | Long | Short |
179,125 | 44,623 | 22,377 | 179,749 | 348,227 | 381,251 | 415,227 |
Change from Prior Reporting Period | ||||||
-1,510 | -2,856 | 258 | -540 | 3,187 | -1,792 | 589 |
Traders | ||||||
171 | 69 | 74 | 50 | 44 | 253 | 161 |
| ||||||
| Small Speculators | | | | ||
| Long | Short | Open Interest | | | |
| 56,839 | 22,863 | 438,090 | | | |
| 2,962 | 581 | 1,170 | | | |
| non reportable positions | Change from the previous reporting period | | |||
COT Gold Report - Positions as of | Tuesday, October 11, 2011 |
Silver COT Report - Futures | ||||||
Large Speculators | Commercial | Total | ||||
Long | Short | Spreading | Long | Short | Long | Short |
23,571 | 11,623 | 18,828 | 37,590 | 58,418 | 79,989 | 88,869 |
-288 | -336 | 48 | -1,994 | -89 | -2,234 | -377 |
Traders | ||||||
58 | 40 | 44 | 38 | 43 | 123 | 106 |
| Small Speculators | | | | ||
| Long | Short | Open Interest | | | |
| 19,709 | 10,829 | 99,698 | | | |
| 830 | -1,027 | -1,404 | | | |
| non reportable positions | Change from the previous reporting period | | |||
COT Silver Report - Positions as of | Tuesday, October 11, 2011 |
The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m. Eastern time. The short report shows open interest separately by reportable and Non-reportable positions. For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading, changes from the previous report.
Futures and Options Combined
What does this title mean? A future is a standardized contract traded through regulated exchanges where an investor buys or sells a contract at a specified price for a specific date in the future. The price includes the interest charge due to the seller by the buyer from the date of the contract to the due date. An option is the ‘right to buy or sell’ a contract at a fixed date in the future at a specific [strike] price. The difference is that a futures contract is an agreement to buy or sell, whereas an option gives the holder the right to buy or sell. An option holder can decide not to take up that right and will only lose the cost of buying the option. His loss is therefore definable at the start of his investment, while the potential profit has not limit to it. A futures contract is usually leveraged [a loan provided] up to 90% of the contract. However, with the owner liable to top up his ‘margin’ to maintain this 10% his potential losses can rise far higher than his investment. A ‘long’ [buying] contract limits its loss to the full price of the item, whereas the ‘short’ [selling] contract has no limit except the height that the price of the item can rise to.
The Commitment of Traders report [COT] is therefore a report on the overall position of the Commodity Exchange [COMEX or NYMEX].......
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