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TRADER'S COMMITMENTS
June 24, 2008
Source: Barron's 06/30/2008
About
This report, from the Commodity Futures Trading Commission is updated weekly and released on Friday afternoon. The CFTC requires any
person or firm trading a certain number of contracts to report that trading. The number of contracts that triggers the reporting
requirement varies by commodity.
A commercial hedger is a large trader who also deals in the commodity on a cash
basis.
A large speculator is a non-commercial trader who has no dealings in the underlying commodity.
The number of contracts traded
by small traders is derived by subtracting the positions of larger traders and commercial hedgers from the total
of all positions.
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Number of Contracts and Changes from Previous Week |
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| Contracts & Category | Long | Change | Short | Change |
GOLD |
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| Large Speculator | 190,218 | 9,581 | 36,680 | 7,233 |
| Commercial Hedger | 95,832 | -236 | 282,588 | 3,080 |
| Small Trader | 50,801 | 4,644 | 17,583 | 3,676 |
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SILVER (Comex) |
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| Large Speculator | 49,195 | -257 | 10,195 | 765 |
| Commercial Hedger | 30,744 | -2,467 | 89,154 | -3,326 |
| Small Trader | 28,165 | 627 | 8,755 | 464 |
Source: Barron's June 30, 2008 report as of June 24, 2008
Reference Article: The Big Squeeze January 28, 2003