Wealth Creation Through Natural Resources
Despite a ~$70/ounce pullback since trading up to $1263.90 a couple of weeks ago gold futures speculators continued to pile on bullish bets, reaching the highest levels of net speculative length since last October: Large & small speculators combined … Continued
After reaching the lowest levels since 2003 ($27.56) WTI crude oil futures rallied ~26% in 7 trading sessions: WTI Crude Oil (Daily) This week’s rally stopped right at the downtrend drawn from the November peak and previous support from … 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
It seems like ages ago that silver was rallying 10% every week with no end in sight… Silver (February-April 2011) For silver bulls this chart brings back fond, but distant memories. The bear market which began in April 2011 … 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
The latest CFTC Commitments of Traders Data shows that as of Tuesday’s close (7/28/2015) dumb money gold futures speculators (small specs) held the largest net notional short position in history: The small speculators net short position totals 9,199 contracts … Continued
This is the kind of gold futures CoT report that gold bulls definitely did not want to see: A sizable increase in net speculative long positioning combined with a 15,260 contract increase in open interest which appears to have … Continued
Gold has tumbled more than $50/ounce in the last 8 trading sessions and there is ample cause for concern that the decline isn’t over yet: Thus far support at $1180 has held, however, given the number of times this … Continued
We are seeing a very interesting dynamic take hold in crude oil futures markets: In recent weeks we have witnessed a confluence of forces; speculators have covered shorts in large numbers while also aggressively adding to long positions, meanwhile, producers … Continued
In the last two weeks gold futures speculators have liquidated a total of 66,897 gold futures contracts which equates to a notional amount of nearly $8 billion: To put this recent gold liquidation into perspective it is the largest … Continued