By the Numbers for the Week Ending January 27
HOUSTON -- Just below is this week’s closing table followed by the CFTC disaggregated commitments of traders (DCOT) recap table for the week ending January 27, 2012.
If the images are too small click on them for a larger version.
Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week’s technical changes, should be completed by the usual time on Sunday evening (by 18:00 ET).
As a reminder, the linked charts for gold, silver, mining shares indexes and important ratios are located in the subscriber pages. In addition Vultures have access anytime to all 35 of our Vulture Bargain (VB) and Vulture Bargain Candidates of Interest (VBCI) tracking charts – the small resource-related companies that we attempt to game here at Got Gold Report. Continue to look for new commentary often. This was a good week for many of our “Faves.”
Remember that the linked charts on the subscriber pages are always the first place to look for new commentary at GGR. In the future we intend to rely more on the charts to communicate, especially when it comes to our own trades. Please note changes to our stop levels for our silver and GDXJ trades underway on Sunday evening also.
Continued…
Gold and Silver Disaggregated COT Report (DCOT)
In the DCOT table below a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting “longer” and red figures are traders getting less long or shorter.
All of the trader’s positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report.
(DCOT Table for Friday, January 27, 2012, for data as of the close on Tuesday, January 24. Source CFTC for COT data, Cash Market for gold and silver.)
*** We will have more about the COT in the linked technical charts for Vultures by Sunday evening, including a large reduction in the Swap Dealer net long positioning which skewed the legacy silver LCNS, making it look like the commercials added a large number of new shorts. To the contrary, as shown above the Producer/Merchants added 1,678 lots net short, the Swap Dealers DECREASED their net longs by 2,961 lots - which is the bulk of a 4,639 lot increase in the combined commercial net short position or LCNS. The open interest actually declined for the COT week, that occuring ahead of the FOMC announcement. We do not view the COT as bearish … not yet. Indeed we see the signs of moderate short covering instead. More in the linked charts for subscribers… ***
That is all for now, but there is more to come.
"If ya'll were lookin' for a bearish table or DCOT, then ya'll are still lookin,' because they just ain't bearish. - Not yet."
