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POSTED ON September 4, 2022  - POSTED IN Exploring Finance

As highlighted last month, short positioning in gold was at the highest level since April 2019. This laid the seeds for a potential short squeeze. While a squeeze did unfold, it was brief. Sellers have regained control of the market and are driving the price back down.

Please note: the COTs report was published 9/2/2022 for the period ending 8/30/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON July 3, 2022  - POSTED IN Exploring Finance

The technical analysis last weekend highlighted that gold looks to be in a bottoming structure. Despite the sell-off this week, $1800 held, which could be another indication that gold is in the process of bottoming, with some final weak hands getting pushed out of the market.

Please note: the COTs report was published 7/3/2022 for the period ending 6/28/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON June 6, 2022  - POSTED IN Exploring Finance

Please note: the COTs report was published 6/3/2022 for the period ending 5/31/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

Gold

Since the peak on March 8, Managed Money has massively reduced its Net Long positions by 98k contracts or 66%. Despite massive selling, the gold price has actually held up fairly well. The last time Managed Money net longs dropped this low in February, gold was struggling at the $1800 level, versus the struggle at $1850 now.

POSTED ON April 30, 2022  - POSTED IN Exploring Finance

Since the peak on March 8, Managed Money has reduced its Net Long positions by 60k contracts or 43%. Despite massive selling, the gold price has actually held up fairly well. The last time Managed Money net longs dropped this low in February, gold was struggling at the $1800 level, versus the struggle at $1900 now.

Please note: the COTs report was published 4/29/2022 for the period ending 4/26/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON April 4, 2022  - POSTED IN Exploring Finance

There is a correlation between Managed Money activity and the price of gold. Managed Money net longs str down from their March peak. This indicates there is money on the sideline that could rush into the market if gold breaks through current resistance

Please note: the COTs report was published 4/1/2022 for the period ending 3/28/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON February 26, 2022  - POSTED IN Exploring Finance

The previous Commitment of Traders analysis showed how much influence Managed Money has over the short-term price movement of gold and silver. The table below summarizes this influence by comparing the Managed Money Net Positioning with “Other”, the next largest category. Swap is not considered because it typically sits opposite the other two.

POSTED ON January 4, 2022  - POSTED IN Exploring Finance

After losing its grip in 2020, managed money is back in the driver’s seat pushing the price of gold and silver around. This analysis is written to explain the short-term price movements, which can be confounding given the strong fundamental backdrop. After very low volatility and a disappointing year in precious metals, it’s likely activity will pick up in 2022. Tracking the positioning of managed money will provide insights into the short-term price moves.

POSTED ON October 31, 2021  - POSTED IN Exploring Finance

Hedge funds closed shorts and went long in both gold and silver in October.

Please note: the COTs report was published 10/29/2021 for the period ending 10/26/2021. “Managed Money” and “Hedge Funds” are used interchangeably.

The Commitment of Traders analysis last month highlighted the potential over-extension of the shorts leading to a rebound. This proved to be the case in a big way. Unfortunately, the momentum lost steam and the $1810s for gold presented too much resistance.

POSTED ON October 3, 2021  - POSTED IN Exploring Finance

Please note: the COTs report was published 10/1/2021 for the period ending 9/28/2021. “Managed Money” and “Hedge Funds” are used interchangeably.

The Commitment of Traders analysis last month showed a potentially bullish setup in both gold and silver. The washout of Managed Money Net Long contracts that occurred in early August appeared to be over and a rebound was underway. Unfortunately, it looks like there was another washout in September. As highlighted recently, it’s possible exhaustion may be near. However, if another washout occurs, it would probably drive Managed Money net positioning negative for the first time since Nov 2018.

Below is a look at the details.

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