Jamie Saettele, CMT
Scandinavian Capital Markets
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Record ownership profile in gold
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Record ownership profile in silver
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Record ownership profile in platinum
52 Week Ownership Profile Extremes – Gold, Silver, Copper, Platinum
13 Week Volume Highs – Australian Dollar, Swiss Franc
The COT Index is the difference between net speculative positioning and net commercial positioning measured over a 52 week percentile. A reading of 100 indicates that the difference in positioning is the greatest it has been in 52 weeks with speculators buying and commercials selling. A reading of 0 indicates that the difference in positioning is the greatest it has been in 52 weeks with speculators selling and commercials buying. Speculators tend to be on the wrong side at the turn and commercials the correct side.
Latest CFTC Release dated September 4th, 2018
Non Commercials (speculators) – Red
Commercials – Blue
Small Speculators – Black
COTDiff (COT Index) – Black
52 week Percentile (COT Diff) – Gray
Gold COMEX Continuous Contract
The ownership profile in Gold is at a record. In fact, the only other period in which the net speculative position was short was for several weeks in August, November, and December 2001.
Silver COMEX Continuous Contract
The ownership profile in Silver is at a record. The extreme speculative short position and extreme commercial long position warns of a price low.
Platinum COMEX Continuous Contract
The ownership profile in Platinum is at a record. The extreme speculative short position and extreme commercial long position warns of a price low.
Any reviews, news, research, analysis, prices or other information contained in this article is provided as general market commentary, does not constitute investment advice and may undergo changes from time to time. Trading the Financial and Currency Markets on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as to your favor. Before entering trading Financial and Currency Markets, you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility that you could sustain a loss of some or more of your initial investment and therefore you should not invest money which you cannot afford to lose. You should be aware of all the risks associated with Financial and Currency Markets trading, and in case you have any doubt, rather seek advice from an independent financial advisor. Scandinavian Capital Markets AB, its owners, employees, agents or affiliates do not give investment advice, therefore Scandinavian Capital Markets AB assumes no liability for any loss or damage, including without limitation to, any loss of profit, which may be suffered directly or indirectly from use of or reliance on such information. Scandinavian Capital Markets AB strongly encourages consultation with a licensed representative or financial advisor regarding any particular investment or use of any investment strategy.
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