A «significant shift» in
net long positions in three - month gold futures may affect prices at the margin in the short term, but tells us little about real investment demand.
In the base metals complex, only nickel and tin traded higher for the quarter.4 A slow start to Chinese restocking coming out of the Chinese New Year holiday weighed on prices for copper and aluminum, both of which saw their worst quarterly results in years, while zinc and lead prices also declined.4 The London Metal Exchange (LME) Index, which tracks the three - month futures prices of all six metals, fell 6.3 %.4 LME copper -LRB--7.4 %, to US$ 6,714 per mt) and other industrial metals erased some of their 2017 gains, falling alongside a sharply decelerating expansion in China's manufacturing activity — sparking demand concerns and greater caution among hedge funds and other speculators who cut
their net long positions in the metal.4 Outside the LME, US steel was buoyed by trade policy changes.
U.S. Commodity Futures Trading Commission data on Friday showed that hedge funds and money managers raised
their net long positions in COMEX gold in the week to Jan. 2.
In contrast, fund managers have been adding
net long positions in gasoline and heating oil, after cutting them in February and March, according to position records published by regulators and exchanges.
Portfolio managers increased
their net long position in Brent by 17 million barrels in the week to April 10 and have raised net length by a total of 48 million barrels since Jan. 23.
Hedge funds and other money managers cut their combined
net long position in the six most important futures and options contracts...
By contrast,
the net long position in WTI was cut by 3 million barrels last week...
Meanwhile, hedge funds and money managers raised
their net long position in COMEX gold contracts in the week to Jan. 30 to their highest level since late - September, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.
Hedge funds and money managers raised
their net long position in COMEX gold for the second straight week in the week to March 28, and boosted it slightly in silver, Commodity Futures Trading Commission data showed on Friday.
Portfolio managers have not really increased
their net long position in WTI and Brent since the start of April and arguably not since the start of February, which is perhaps a sign they are now fully invested.
By April 24, funds held a record
net long position in U.S. gasoline equivalent to 111 million barrels as well as a net position in heating oil equivalent to 69 million barrels (https://tmsnrt.rs/2JEyL9A).
Hedge funds and other money managers cut their combined
net long position in the six most important futures and options contracts linked to petroleum by six million barrels in the week to April 24.
Less than a year ago they held
a net long position in 10 - year paper of 362,000 contracts, the largest in a decade.
* COPPER: Hedge funds and money managers raised
a net long position in copper futures and options in the week to April 24, U.S. Commodity Futures Trading Commision data showed on Friday.
Money managers increased
their net long position in WTI by 32 percent to 208,292 futures and options, boosting the net bets on a rise in the U.S. crude benchmark by the most since December last year, according to data by the U.S. Commodity Futures Trading Commission reported by Bloomberg.
Finally, the CFTC's Commitments of Traders (COT) report shows that large speculative traders are holding a record
net long position in the euro, a polar opposite in sentiment toward currency relative to last year.
From the beginning of December to the latest COT report, the average large spec
net long position in gold is 171k.
Commercial euro futures traders have the biggest
net long position in the euro in the entire 12 year history of the reporting of euro futures positions in the Commitment of Traders (COT) Report.
Not exact matches
«During the meetings, we stated that Amazon has
long supported
net neutrality protections to ensure our customers can enjoy an open internet, and we emphasized that the company remains committed to that
position,» Gerard Waldron, a lawyer who represents Amazon and participated
in the meeting, wrote
in an account filed with the FCC.
According to Reuters, bullish
positions in Brent stood at a record 587 million barrels as of Friday, with a record 530 million of those
net long.
He based his forecast on seasonal changes
in buying and selling patterns and the fact that large speculators»
net long position is now at 445,000 futures contracts, which suggests there is not much space for more buying before the seasonal selling starts.
Oil fund managers are not betting on $ 20 a barrel oil this week because they increased their
net -
long position by 16,855 contracts to 132,857 futures and options
in the week ending Sept. 8, according to the CFTC commitment of traders report.
In April 2017, large speculators had built up a record net long position of more than 103,000 contracts in silver futures with the metal trading at $ 18.3
In April 2017, large speculators had built up a record
net long position of more than 103,000 contracts
in silver futures with the metal trading at $ 18.3
in silver futures with the metal trading at $ 18.30.
In the aftermath of Hurricane Harvey, which knocked off more than 20 percent of U.S. refinery capacity in the peak of refinery shutdowns, hedge funds are betting on a rise in fuel prices and have boosted their net long positions on U.S. gasoline and diesel to highs not seen for year
In the aftermath of Hurricane Harvey, which knocked off more than 20 percent of U.S. refinery capacity
in the peak of refinery shutdowns, hedge funds are betting on a rise in fuel prices and have boosted their net long positions on U.S. gasoline and diesel to highs not seen for year
in the peak of refinery shutdowns, hedge funds are betting on a rise
in fuel prices and have boosted their net long positions on U.S. gasoline and diesel to highs not seen for year
in fuel prices and have boosted their
net long positions on U.S. gasoline and diesel to highs not seen for years.
In Brent, hedge funds upped their
net long position by the most since March this year — 8 percent to 464,980 contracts, according to ICE Futures Europe data.
Since the December FOMC Meeting that sparked the next leg lower
in the dollar, the Euro has averaged about a 4:3 Leveraged
net -
long ratio and reached a high of 5:2 while also reaching a record
long position that had 77,000 more
longs than shorts.
If one is
long a broadly diversified portfolio of stocks and hedged with a short
position in the major indices, the result is a
net portfolio loss — and that can feel excruciating if the major indices are advancing at the same time.
Producers are
net - short and saw a small rise
in that
position when few more gross
longs were cut than gross shorts.
The funds have been building their
net -
long positions in the platinum group metals.
It's a similar story with silver,
in that the price decline of the past two months has been accompanied by almost no reduction
in the total speculative
net -
long position in Comex silver futures.
This was such an unusual and unexpected development that we felt we had to mention it
in these pages (note: as of last week the speculative
position has returned to
net long 6,186 contracts, which is still very subdued exposure for this group of traders).
For the past few months the
net speculative
long position in euro futures has hovered near an all - time high.
After having their largest
net - short
position on record
in May, by late - September speculators had built - up their largest
net -
long position in four years.
There has been a roughly $ 100 pullback
in the price from its early - September peak, but notice that there has been a relatively minor reduction
in the total speculative
net -
long position.
The following weekly chart shows that the total speculative
net -
long position in Comex gold futures hit an all - time high
in July of 2016 (the chart only covers the past three years, but I can assure you that it was an all - time high).
More recently, the relatively small size of the speculative
net -
long position in early - July of this year paved the way for a tradable rebound
in the price, but by early - September the speculative
net -
long position had again risen to a relatively high level.
Net exposure takes into account the benefits of offsetting
long and short
positions and is calculated by subtracting the percentage of the Fund's equity capital invested
in short sales from the percentage of its equity capital used for
long positions.
PBO analysis suggests if the Finance (private sector) projections turn out as planned, the government will be back to structural surplus by 2015 and will be
in a positive
long term fiscal gap
position (declining
net debt relative to GDP
in face of aging aging demographics).
There's been an abundance of commentary on the
net long position of the «Swap Dealers»
in Comex silver futures per the COT report.
A stockholder's «
net long position» is generally defined as the amount of common stock
in which the stockholder holds a positive (also known as «
long») economic interest, reduced by the amount of common stock
in which the stockholder holds a negative (also known as «short») economic interest.
Not only did the German end that
long barren spell by setting up Theo Walcott for the Gunners» second of the night
in our Champions League game with Ludogorets, he also
netted the first hat - trick of his professional career to give Arsenal a fantastic 6 - 0 win over the Bulgarian champions and put us
in a great
position to win a UCL group for the first time
in years.
The goal conceded at Panathinaikos is a case
in point — blame Dawson, or Lloris, or Moussa if you like, but it's hard to find fault with Vertonghen — he was drawn out of
position by the extra man, but you could see (I watched it a good few times) from his body language that he'd seen exactly what went wrong
long before the ball was
in the
net.
And a lack of concentration from the Reds saw the Argentine
net after just 23 seconds on the field, the striker
netting his second of the season after outsprinting Dejan Lovren from a
long punt forward and calmly slotting past Mignolet, who got his
positioning all wrong
in the Liverpool
net.
A person owning or controlling more than 10,000 contracts
net long or
net short
in all contract months combined shall provide,
in a timely fashion, upon request by the Exchange, information regarding the nature of the
position, trading strategy, and hedging information if applicable.
The ETNs use a systematic approach to investing
in volatility index (VIX) futures that have a
net long or
net short volatility
position that varies based on changes
in the market.
In the Change column, a negative number indicates either an increase to an existing
net short
position or a reduction of a
net long position.
At a 10 - year Treasury yield of 1.7 %, interest on reserves of 0.25 %, and a monetary base now at about 18 cents per dollar of nominal GDP (see Run, Don't Walk), further purchases of
long - term Treasury securities by the Fed would produce
net losses for the Fed
in any scenario where yields rise more than about 20 basis points a year, or the Fed ever has to unwind any portion of its already massive
positions.
A black figure
in the Change column indicates an increase to an existing
long position or a reduction of an existing
net short
position.
,
Position Limits and Exemptions, no person shall own or control
positions in excess of 50,000 contracts
net long or short
in all months combined.
The aggregate
position limit
in DJIA Index ($ 25 multiplier) futures, mini-sized Dow futures ($ 5 multiplier) and options, and DJIA Index ($ 10 multiplier) futures and options is 50,000 DJIA Index futures contracts,
net long or
net short
in all contract months combined.