Gold speculator and large futures traders slightly edged their gold bullish positions lower last
week for a second consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of COMEX gold futures, traded by large speculators and hedge funds, totaled a net position of +283,851 contracts in the data reported through August 16th. This was a weekly change of -2,596 contracts from the previous week’s total of +286,447 net contracts that was registered on August 9th.
Despite gold speculative positions falling for five out of the last six weeks, the spec position is still highly bullish and within approximately 30,000 contracts of the year’s high point of +315,963 contracts.
http://www.gold-eagle.com/article/gold-speculators-trimmed-their-bullish-net-positions-second-week
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