Monday, August 12, 2013

Full August 11 Got Gold Report in Public Domain

Captain GeneHOUSTON --  As a courtesy to our entire GGR readership, our latest Got Gold Report update on the August 9 Commodity Futures Trading Commission (CFTC) commitments of traders (COT) report for gold futures is now available in the public domain.  Got Gold Report subscribers received access to the new report yesterday, Sunday, August 11.    

This report focuses on the unprecedented and sudden exodus by one class of gold futures traders out of more than one-half of their record high gross short gold futures position in just one week.  It also highlights considerable improvement in one of our most trusted indicators for precious metals. 

The report is entitled “COT – Other Reportables get the Willies, Dump 54% of Gold Shorts” and is available in its entirety in PDF format at the link below. 

Courtesy Release - full Got Gold Report

Download 20130811 GGR COT Notes

Here is a brief clip from the 30-page offering:  (Continued...)

 (Page 11)

"Bottom line for the Legacy COT:  Witness a big jump this week for the relative commercial net short positioning, but as we will see momentarily, it comes from the mercenary Swap Dealers, not the Producer Merchants and it is in response to, or otherwise connected to a massive short covering by Other Reportable Specs, who have been the largest seller of gold futures for many weeks. 

The Legacy COT positioning of the commercials remains very strongly contrary bullish in other words.  That’s if the gold bull market is still alive and well, and merely in the largest, most important bull market correction yet, which we think is the case.  

As we will see in a moment, there were some surprising, unexpected and downright stunning changes in the disaggregated COT report.  Once again, they reveal that, behind the scenes, some very big decisions have been made by some of the large traders of paper gold." 

That is all for now.  Carry on! 



The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter

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