Wealth Creation Through Natural Resources
We are seeing something that’s never before happened in gold futures; commercials (producers, swap dealers, etc.) are getting longer (net long 25,866 contracts or slightly more than US$3 billion), while managed money futures traders (hedge funds, CTAs, etc.) are getting … Continued
I have explained on numerous occasions that the CFTC Commitments of Traders (CoT) data should not be used as an exact market timing tool. In fact, most of the time the CoT data is noise with virtually zero signal. However, … Continued
During the week ending November 17th large futures speculators (hedge funds, CTAs, etc.) piled on short positions in precious metals futures at one of the fastest paces on record: Between both gold & silver futures large speculators … Continued
The latest Commitments of Traders data from the CFTC (as of market close 10/20/2015) shows that both hedge funds and smaller traders alike have piled into gold & silver futures in recent weeks as commercials (mining companies and bullion banks) … Continued
During the week ending January 20th hedge funds increased short positions in WTI crude oil futures to the highest levels since September 2010: There is an interesting dynamic developing in the crude market: Inventory builds are expected to be huge … Continued