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Weekly Commitment Of Traders Summary
We are happy to announce our latest joint collaboration, by launching a weekly chart update of the CFTC's Commitment of Traders report for key commodities courtesy of Libanman futures. The commodities presented include crude, nattie, heating oil, cocoa, coffee, sugar, gold, silver, platinum, copper, soybean, wheat, cotton, and OJ. As currencies are not includes in the summary, we will continue our ongoing observation in key currency trends, particularly as pertains to speculative sentiment in the key EUR, JPY and CHF pairs.
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Is Kim Jong Il serious about this "sacred nuclear war" bullshit?
He's just pissy he won't get to play StarCraft II on Tuesday like Seoul.
He is still angry with the 7-0 defeat to Portugal in the World Cup
The paper said Kim Jong-il is believed to hold a US$4bn slush fund in secret accounts in Switzerland, Luxembourg and Liechtenstein.
Better hope those accounts weren't with UBS, Lil Kim!
Yes, Switzerland supposedly neutral, seems to have historically aided tax cheats, financed both sides of wars and now is collecting gold in the BIS.
Interesting to know they have a cozy relationship with Kim.
I've often wondered about the term tax cheat.
What does that term even mean to most people?
One assumes the money was taxed once already upon it being earned by the individual.
http://www.google.com/imgres?imgurl=http://heatusa.com/blog/wp-content/u...
he allegedly prints the stuff faster than Bernanke
NK needs wouldn't matches to light the ignition. They're too expensive. Seriously, it's hard to take NK seriously. Just think how a Nuke explosion would impact our soceity in so many ways.
the ill jong works for US. He launders wall street drug money and starves his population, while we provide him with top shelf Scotch and expensive Swedish hookers. when he gets the word, he rattles the saber to frighten and give bad dreams to gullible and ill educated Americans. he follows in the long line of Noriega, Sukarno, Bakiev, Saddam and other assorted evil bogey men on the payroll.don't you know that Clinton and Westinghouse built his nuclear facilities for him? don't worry, he's on a very short leash and can be taken out at any time.
By the way, SHUT UP SYLVESTER STALLONE !!
Someone needs to pump Sly full of LSD then drop him off in the Cidade de Deus for an eye-opener.
What a gaping sore of an asshole.
On behalf of my countrymen, I apologize the for actions of that punk bitch.
"Retwitting" what Brazilians are saying on Twitter:
"CALA BOCA SYLVESTER STALLONE is a brazilian moviment against botox. People like Stallone have their face and brain paralized. STOP BOTOX NOW!"
cocaine, underage girls and now botox !? hey don't forget the steroids!
That's hilarious!! Way to go Sly for calling it like it is. Hispanic countries suck ass. That's why they export their people to USA
Since we Brazilians are not "Hispanic" (we don't speak Spanish, we speak Portuguese), I wonder how illiterate Americans can be so stupid.
No wonder Borat made you all fools... Borat showed to the world the JOKE you are, geography-illiterate Americans...
Oh, yeah. And that soybean report was interesting, too. And I mean that. It really was....
Soybeans are getting hit these days because the US has had such a productive growing season.
That ain't nothin' compared to the silver/gold COMEX full color charts:
http://futures.tradingcharts.com/cotcharts/SI
Friday's Commitment of Traders report was a stunner. In silver, JPMorgan et al reduced their net short position by another substantial amount. This time it was 3,254 contracts. The Commercial net short position [where the '8 or less' traders do their dirty work, is down to 239.8 million ounces. The '4 or less' traders are short 239.2 million ounces of that... which is basically the entire net short position! The '8 or less' traders are short 306.1 million ounces. To put it another way... 8 bullion banks, led by JPMorgan, hold 76.6% of the entire gross Commercial short position [79,864 contracts] between them... and the remaining 26 traders in the Commercial category hold 24.4% between them, which is less than 1% each!
http://futures.tradingcharts.com/cotcharts/GD
This week it fell by 32,684 contracts! The total Commercial net short position in gold is now down to 21.6 million ounces... a number we haven't seen in many a moon, dear reader. The '4 or less' bullion banks are short 22.3 million ounces... which is a bit over 100% of the Commercial net short position. The '8 or less' traders are short 28.6 million ounces of gold.
All info courtesy of Ed Steer
http://www.caseyresearch.com/displayGsd.php
Guess what kids?
By the looks of the above report "Da Boyz" are moving early, not waisting any time, to whittle down their grotesque commercial short positions in gold and silver, before they are forced to at a loss!
Now that Obama has signed the FINREGS into law, the CFTC has a mandate to impose position limits within 180 days. Time keeps on tickin, tickin, tickin away... Got yours?
To be certain, that is one of the larger flips the 'commies' have made in awhile COT-wise, and they have the biggest stacks of paper available to push things their way. Could be a good week for the PM's, post op-ex, anyway.
As for the position limits, I won't hold my breath until I see 'em come into effect without loopholes you can drive bulldozers through, and even then I'll keep breathing until I see the limits actually enforced. After all, it's my understanding that the CFTC has had plenty of egregious shit goin' down right under its nose for quite some time without them so much as lifting a finger. Unless it was to hand out their CV's in hopes of joining the gang they're supposed to be keeping honest.
Frankly, I couldn't care much either way. The longer the facade lasts the wealthier me or mine are likely to be.
Regards
Submitted by cpowell on Sat, 2010-07-24 03:39. Section: Daily Dispatches
11:38p ET Friday, July 24, 2010
Dear Friend of GATA and Gold (and Silver):
The member of the U.S. Commodity Futures Trading Commission who has been advocating imposing position limits on traders in the precious metals markets, Bart Chilton, has made a video explaining why he thinks the financial regulation law just enacted by Congress and President Obama promises great progress, particularly in making the commodity markets freer and more transparent. The law, Chilton explains, requires the CFTC to establish position limits and authorizes the commission to prosecute "disruptive trading practices." Chilton says he is especially pleased with that, because the commission's market manipulation standards have failed almost completely for many years.
Chilton has been amazingly conscientious on the precious metals manipulation issue and has been amazingly responsive to gold and silver investors who have complained to the CFTC about market manipulation. He'll need their support as the CFTC writes the position limits regulations required by the new law. The big commercial shorts are sure to be heard as the commission continues to take public comment, so gold and silver investors can't let up yet.
You can watch Chilton's presentation at YouTube here:
http://www.youtube.com/watch?v=K1_q88rlUkw&feature=player_embedded
Hey Rocky,
Who knows? Perhaps my cynicism, however justified, is completely off-track.
If it is I will be very pleased.
Regards
Nice addition. Thanks ZH.
indeed, a few less clicks. and undoubtedly some great commentary. thanks.
Oh puleeze, leave Sly alone. I remember flying back from Hamburg. Next to me was this guy who turned out to be a "male model." He said Sly likes to have gay orgies on his boat--he was in one of them. I believed him, because he was perfectly matter of fact about it.
Of course, one wonders about the quality of the "goods." I was standing in line at the supermarket once and the woman ahead of me said to another woman, "Girl, have you seen Sly Stallone's porn film?" "No." "Girl, I seen bigger dicks on babies!"
Gold Commercial shorts are back at levels of Aug 09 & Feb/March 10 when gold was at 900ish & below $1100 respectively.
I don't trade futures, but looking at the charts, it looks like the metals have consistently high open interest, whereas in cocoa, soybeans, natgas and some others, the OI levels bounce around a lot. Any explanations for this, or is it a non-issue?
Thanks for the new data and charts!
PLEASE CHANGE ONE OF THE 2 BLUE LINES ...
THEY ARE INDISCERNABLE. THANKS.
btw, great addition. Thanks.
OK. I'm not even going to pretend that I understand how to interpret these charts yet, but I will say with certainity this is light years better than those pathetic ASCII PDF's that the CFTC publishes (I mean, geez, why not just publish it in binary?).
Thanks to ZH & Libanman!
Just looking at these charts and wondering if they are accurate. For example, I believe the latest COT reports show commercials net long nattie, whereas here commercials are shown net short, even taking into account recent disaggregation. Thanks!