Large speculators cut back bullish exposure to most precious metals futures and options on the Comex division of the New York Mercantile Exchange and the Nymex, but picked up some base metals, according to U.S. government data.
For the week ended Jan. 8, large speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report saw their net-long positions in gold, silver and palladium fall, in some cases sharply, in both the legacy and disaggregated reports. Platinum bucked the trend in the precious metals, and funds added smartly to copper in both reports………………………………………..Full Article: Source