I like the format of CotPriceCharts but there is a delay in updating the charts for some reason.

I highlighted the changes as noted by the current US Commodity Commitment of Traders Report. Not all of the reports are in a single link.

Delta Adjusted With Options Plus Futures

There is also an COT Report that takes into consideration Options Plus Futures

By this measure, big specs are net short 23,964 contracts while small specs are net long 2,494 contracts making the commercials net long 12,709 contracts.

Commercial Trader Explanation

Commercial traders consist of miners forward selling gold plus the market makers. The miners selling gold are always net short.

On a futures-only basis, the big specs are net short for the second week.

Prior, the last time big specs were net short was December of 2001.

A week ago I reported Large Specs Net Short Gold First Time Since 2001: Buckle Up!


My comment then was "This is an exceptionally good gold setup."

Gold Weekly Rally

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Gold rallied $29.10 this week, but that is not an accurate way of looking at things from a COT point of view.

The COT reports came out today but are as of Tuesday, August 21.

We do not know if shorts added to or reduced positions today, on Fed Chair Jerome Powell's speech.

For discussion, please see Powell Praises the Fed, Discusses the Stars (Literally), Defends Goldilocks.

If shorts increased their bearish bets they added more to the short-covering fuel.

Mike "Mish" Shedlock

Large Specs Net Short Gold First Time Since 2001: Buckle Up!

Large specs are net short gold but commercials are still slightly short because small specs are long enough.

Investigating the Claim "Speculative Shorts Driving Gold Lower"

Are speculative shorts "driving or contributing" to the move lower in gold? Let's investigate.

Record Bearishness on Gold as Commercials Go Net Long Fifth Week

Commercial traders are net long gold by the most in 17 years as hedge funds go increasingly short.

Silver Looking Better Than Gold?

Based on Commitment of Traders (COT) data, John Rubino at Dollar Collapse prefers silver over gold.

Gold Shorts About to Get Burned

The Gold COT report shows gold shorts piling on in addition to long liquidation. Meanwhile, the price of gold is rising.

Speculators Throw in the Towel on Gold

Long Liquidation: Large specs reduced long gold bets and increased short gold bets. Small specs increased longs & shorts

Gold COT Report vs Price of Gold: Investigating a Tweet Claim

How closely does the price of gold follow the Committment of Traders (COT) report?

Putting the Cart Before the Horse: Gold Hype

The commercial short positions in metal futures are decreasing. But what's really going on?