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CFTC data shows speculators cut back on bullish precious metals positions

Posted on 04 December 2013

Large speculators continued to shed bullish positions across the board in precious metals futures and options on the Comex division of the New York Mercantile Exchange and the Nymex, now for the fourth straight week for gold and silver, according to U.S. government data.
For the week ended Nov. 26, large speculators in the Commodity Futures Trading Commission’s weekly commitments of traders report saw their net-long positions fall in gold, silver and platinum group metals, with the gold net-long position in the disaggregated report hitting its lowest level since late June………………………………………..Full Article: Source


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