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Speculators return to cutting precious metals bullish positions — CFTC

Posted on 30 April 2013

Large speculators returned as sellers of precious metals futures and options on the Comex division of the New York Mercantile Exchange and the Nymex, trimming back exposure in all precious metals and slashing gold positions, according to U.S. government data.
For the week ended April 23, large speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report saw their net-long positions in precious metals fall across the board, with the gold net-long position in disaggregated reports fall to its lowest level since mid-March. For the legacy report, the gold net-long is the smallest since early November 2008. Reductions in silver and the platinum group metals were less severe, but still saw a reduction. In copper, speculators reduced their net-short position………………………………………..Full Article: Source


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