16 Jan 2015
CFTC Commitment of Traders Report - Week Ending January 13th, 2015
FXStreet (Barcelona) - Analysts at TD Securities gave the CFTC Commitment of Traders Report.
Key Quotes:
"Gold specs continued to build back net long positions, as the safe haven nature of the yellow metal shone brightly and yields continue to fall."
"Silver specs traded the same way as gold adding rapidly to net length, while the metal is likely attracting those looking for better value to the upside."
"The prospects of a European QE along with stronger auto sales there prompted specs to build new platinum longs and cover short exposure."
"Perceptions of an over extended rally drove specs to start taking out new shorts inpalladium and limit long growth."
"The incorrect thinking that the copper correction was done prompted specs to move aggressively net long."
"Crude oil specs significantly increased net long exposure hoping the bottom was behind. A buoyant inventories report and waning demand data dashed hopes temporarily."
"Warming weather forecasts have natural gas specs adding to net short positions deep into winter."
"Gasoline and heating oil specs increased short positions as stocks continue to build."
Key Quotes:
"Gold specs continued to build back net long positions, as the safe haven nature of the yellow metal shone brightly and yields continue to fall."
"Silver specs traded the same way as gold adding rapidly to net length, while the metal is likely attracting those looking for better value to the upside."
"The prospects of a European QE along with stronger auto sales there prompted specs to build new platinum longs and cover short exposure."
"Perceptions of an over extended rally drove specs to start taking out new shorts inpalladium and limit long growth."
"The incorrect thinking that the copper correction was done prompted specs to move aggressively net long."
"Crude oil specs significantly increased net long exposure hoping the bottom was behind. A buoyant inventories report and waning demand data dashed hopes temporarily."
"Warming weather forecasts have natural gas specs adding to net short positions deep into winter."
"Gasoline and heating oil specs increased short positions as stocks continue to build."