- Gold, Silver, Wine Trading



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Name Last Symbol Expire Date Bid Ask  
American Eagle Gold Coin (1 oz.) American Eagle Gold Coin (1 oz.) $1,179.15  GOLD1ozAE-2012/12/31 12/31/14 $1,179.15 $1,368.13 Buy Sell
Canadian Maple Gold Coin (1 oz.) Canadian Maple Gold Coin (1 oz.) $1,179.15  GOLD1ozCM-2012/12/31 12/31/14 $1,179.15 $1,367.93 Buy Sell
American Eagle Silver Coin (1 oz.) American Eagle Silver Coin (1 oz.) $34.08  SILVER1ozAE-2012/12/31 12/31/14 $16.32 $21.70 Buy Sell
Canadian Maple Silver Coin (1 oz.) Canadian Maple Silver Coin (1 oz.) $35.66  SILVER1ozCM-2012/12/31 12/31/14 $16.32 $21.20 Buy Sell
US90% Silver Coins $100 Face (pre1965) (71.5 oz.) US90% Silver Coins $100 Face (pre1965) (71.5 oz.) $1,105.39  SILVER90PC100F-2012/12/31 12/31/14 $1,105.39 $1,366.37 Buy Sell
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  HUI Gold Bugs Index Distance from 50-Day & 200-Day MA Jordan Roy-Byrne, CMT 2014-10-23 02:21:42.0
I did not know that this statistic could be found using stockcharts.
  Gold and Silver Demand is Spiking Higher Jason Hamlin 2014-10-23 00:53:26.0
  Gold and Silver Demand Spikes Higher Jason Hamlin 2014-10-23 00:28:08.0
  Wednesday Update: HUI (Gold Bugs Index) Drops Dramatically ? How Much Further Down Will It Go? Lorimer Wilson 2014-10-22 20:35:23.0
The HUI (Gold Bugs Index) has continued to drop down from previous resistance week after week since mid-August and is now down a whopping 26.
  China/India Gold Demand: 2013 Déj Vu bullionbullscanada 2014-10-22 19:16:47.0
In 2013; a chain of events led to what was (at the time) the greatest stampede into gold in human history.
  Mexico's Gold & Silver ?Libertad? Coins Perfect Template For Replacing Fiat Currency ? Here's Why Lorimer Wilson 2014-10-22 19:16:35.0
A true solution to both fiat currencies and the shock of their demise exists right now,
  The ?Brain-Dead Gold Award? Goes To the U.S.! Here's Why Lorimer Wilson 2014-10-22 19:16:35.0
Ever since the world suffered a near collapse of its economic and financial system in 2008,
  Tuesday Update: HUI (Gold Bugs Index) Drops Again ? How Much Further Down Will It Go? Lorimer Wilson 2014-10-22 19:16:35.0
The HUI (Gold Bugs Index) has continued to drop down from previous resistance week after week for the past month and a half and is now down a whopping 24.
  Today's Financial Entertainment: Economic Collapse Is Coming ? What Will Be To Blame? Lorimer Wilson 2014-10-22 19:16:35.0
Very interesting times we now live in; the financial system is running out of options
  Gold/Silver Ratio Trend Suggests Gold Transitioning Into New Bull Market ? Here's Why Lorimer Wilson 2014-10-22 19:16:35.0
The continuing upward trend in the gold/silver ratio (continuing weakness in silver
  Time to "Triage" Your Portfolio David Morgan 2014-10-22 19:16:35.0
 Mortally wounded stocks can actually springboard your profits.
  An Open Letter to Americans: ?Canada IS Better!? Here's Why Lorimer Wilson 2014-10-22 19:16:34.0
Most of the rest of the world (especially the U.
  Crushing Debt Cannot ? & Will Not ? Be Repaid! Here's Why Lorimer Wilson 2014-10-22 19:16:34.0
Like a bad case of hemorrhoids, debt is a topic too often left out of polite
  New Indicator: HUI Gold Bugs Index Distance from 50-Day MA Jordan Roy-Byrne, CMT 2014-10-22 18:42:11.0
  Why Gold Is Undervalued martenson 2014-10-22 17:59:20.0
  The Case For Owning Physical Gold Now martenson 2014-10-22 17:59:20.0
  In the Downdraft of Hormegeddon Bill Bonner 2014-10-22 17:59:20.0
Hormegeddon is a modern phenomenon.
  Silver Investment Demand To Increase By One Billion Ounces Over Next Decade Gold Silver Worlds 2014-10-22 17:27:48.0
Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver's pedigree as a leading industrial metal, according to a report released today by the Silver Institute.
  Is A Demand Shock In The Gold Market Coming? Gold Silver Worlds 2014-10-22 16:54:51.0
Submitted by Michael Lombardi from
  Is The Fed Altering Asset Prices? 2014-10-22 16:21:36.0
  Shiraz/Syrah Shines at the New World Wine Awards 2014 Sat, 25 Oct 2014 21:03:04 -0700
The highest number of medals ever was awarded at the New World Wine Awards 2014, following a record number of entries.
  Gold nugget found in California finds secret buyer - Sat, 25 Oct 2014 PST Sat, 25 Oct 2014 19:11:47 -0700
  Cooking Class: Cuisine as varied as wine selection at Open Bottle Bistro Sat, 25 Oct 2014 18:03:32 -0700
Dave DeSimone believes people in the restaurant business need to be nimble. So, when he saw diners were having difficulty finding his last venture, Bridge ...
  Gold nugget found in California finds secret buyer Sat, 25 Oct 2014 16:18:37 -0700
  Switzerland Set To Greedily Grab Gold Sat, 25 Oct 2014 05:33:29 -0700
On November 30th the Swiss will be asked to vote on boosting the share of central reserves devoted to gold. Opinion polls indicate they will vote yes.
  Classic Chianti - The Rodney Dangerfield Of Italian Wine Sat, 25 Oct 2014 05:11:33 -0700
So why is Chianti so unappreciated? Including my pick of the ten best Chiantis. A few years ago I was talking to the sommelier of a high-end Italian restaurant in New York, and he complained that the hardest wine on his list to sell was Chianti. But why? He had no real explanation, [...]
  Jewellers Expect Better Business This Dhanteras Fri, 24 Oct 2014 20:44:48 -0700
NEW DELHI/ CHENNAI/ MUMBAI: It is Dhanteras time again and Indians are ready to splurge on gold. The jewellers expect sales to be 15-20 percent higher compared to last year due to better price of the yellow metal.
  Beppi Crosariol: new-style and old-school reds from under the Tuscan sun Fri, 24 Oct 2014 14:30:37 -0700
  How to lose $5 billion in two months Fri, 24 Oct 2014 13:51:50 -0700
How the billionaire Hunt brothers managed to lose $5 billion in two months trying to corner the silver market.
  Restaurant wine service: A few pet peeves Fri, 24 Oct 2014 11:27:54 -0700
  Host a fabulous fall wine tasting party with these tips, tricks and games Fri, 24 Oct 2014 08:30:40 -0700
  Prophecy Coal Poised to Replicate Silvercorp's Growth Through Acquisition Fri, 24 Oct 2014 06:00:00 -0700
VANCOUVER, British Columbia -- The vast majority of silver production is not purchased for investment. More than 50% is used in industrial applications such as the manufacture of cars, electronics and ...
  The Best Time to Buy Silver Assets was 2004 or 2009 Or Today; Prophecy Coal Poised to Replicate Silvercorp's Growth ... Fri, 24 Oct 2014 06:00:00 -0700
Vancouver, BC / October 24, 2014 / The vast majority of silver production is not purchased for investment. More than 50% is used in industrial applications such as the manufacture of cars, electronics ...
  Friday broker round-up UPDATE Fri, 24 Oct 2014 04:15:55 -0700
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation.
  Why Silver Bay Realty (SBY) Could Be a Potential Winner Fri, 24 Oct 2014 04:10:09 -0700
Silver Bay Realty looks well positioned for a solid gain, but has been overlooked by investors.
  Friday broker round-up Fri, 24 Oct 2014 03:58:45 -0700
African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves target price from 270p to 280p and leaves its buy recommendation unaltered.
  How to use the Commitment of Traders Report? Wed, 19 Jun 2013 18:08:00 GMT
The Commitment of Traders report (COT report) is a weekly report, which is issued on every Friday by Commodity Futures Trading Commission (CFTC). This report contains the details of the positions of all the market participants. Every report that comes on Friday contains the data as of the preceding Tuesday.

The role of CFTC is to Commodities Future & Options market what SEC is to equity markets. The COT is a very handy, reliable and important report as it has good deal of data related to the market positions and trends of various trader groups. It is very useful in understanding the current and future market movements.

The structure of the COT report is detailed and it provides data segregated into different trader groups. The three main categories being: commercial traders, non-commercial traders and non-reportables.

Commercial Traders: They are the main players of the Commodity future markets. They are essentially hedgers and their trades are for actual delivery of the underlying asset. They have the largest positions in the markets and are big entities like Producers and users/consumers. They have the best knowledge of demand, supply & market movements etc. and enter into contracts as per their requirements and forecasts.

Non-commercial traders: They are also generally big traders but unlike the commercial traders, their positions are mostly for speculative profits. They enter a position with a view to make money and exit the position long before the due dates.

Non-reportables: This is the smallest group of traders and consists of individuals or other small entities that trade on speculative lines. Their holdings are individually too small to be required to report to CFTC and hence the name.

Over the years, CFTC has been providing the report with the aforesaid three categories of traders. But in the recent years, it has started providing disaggregated reports, further categorizing the traders. The picture below illustrates the disaggregated trader categories.

In the above classification, Swap dealers represent the Pension funds, endowments etc. These funds rather than directly trading in the future markets, work through the services of Swap dealers.

Basics of COT report

The COT report is a very valuable source of information, which can be used to get an idea of the future market movements and accordingly device a trading strategy. Let's take a sample COT report of Gold Futures dated 11th June and try to understand the basic data sets and their implications.

A gold future contract is of 100 Troy ounces and the above report is a part of the COT report on metals issued by CFTC on 14th of June, 2013. The report shows the category wise positions as on June 11th. In each category, the long and short positions represent the number of contracts held. The total open interest shows the sum of all contracts (both long & short), that have neither expired nor settled. From the above data, we can get the following perspectives about the current market conditions.

The total open interest is 373,844, which is marginally up by 783 from the previous week. This indicates a bit higher market participation. The benefit of an increased open interest is that a higher number of transactions take place increasing the liquidity. At the same time it also indicates better market conditions for trading and may be a sign of trend reversal.

The net position of Producers/Merchants category is still on the bearish side but compared to last week it shows increase of 3,251 in long contracts. Remember that this group has the best knowledge of the markets and they are bearish with slight movements towards bullish side of the fence. This movement towards long position may be short term or long term. Now if we look at the data of past few weeks, we will observe that there is a gradual increase in the long position of this group. The total extent of their short positions has been decreasing over the time. This may indicate a positive outlook for gold in the future.

The swap dealers reflect the same approach as far as the net position is considered.

Managed Money traders have a contrarian position. This may be due to the longer time frame that they generally target, eliminating the reflection of short-term market sentiments in their position.

Other reportable and the non-reportables are generally market followers. They are mostly in a position opposite to that of commercials. One thing that you should always avoid is to follow the trend of non-reportables.

The current COT report can further be compared to the past data and more inferences can be deduced. For example, if you compare the open interest with past data, you would see that it has been falling and has dropped quite low. Also this drop has somewhat stabilized over the past few weeks and it seems to be bottoming up. This indicates that a strong level of support for the gold prices may have been achieved and there are pretty good chances of a trend reversal.

Some takeaways

Now since you have some understanding of how to use COT report, you must keep the following points in mind while using it.

COT report comes with a time delay of 3 days. This is a dampening factor to the uses of the report in framing intraday and very short-term trade strategies.

The data content is excellent and reliable. This makes it a great source of getting market insights.

Further derivations of the COT report in the form index creation or indicators etc can further add to its utility.

Use other tools in combination with COT insights to validate your analysis.

COT report as such is of great value. No wonders why CFTC has to give in to the demands of weekly reports from the market participants, rather than the bi-monthly report that it used to provide in the past. That's all as of now. Happy trading!!!


  Gold and Silver Speculator Long Positions Wiped Out Fri, 26 Apr 2013 21:17:00 GMT
Small speculators, also known as individual investors, have had their net long positions in gold and silver completely wiped out over the last two weeks. As of last Tuesday, these small investors held a mere 133 net long gold contracts, and 2163 net long silver contracts. As recently as September, when we turned cautious on the metals, small speculators held over 60,000 net long gold contracts and 20,000 silver contracts. If the small speculators were to sell anymore gold and silver, they would become net short.

Typically commercial banks manipulate prices on low volume to set the price and then trade at the newly set price in volume. The recent crash in gold and silver began after hours on a Friday, and was hit further by large sell orders Sunday night to take out the well known technical support lines of both metals. Most small retails investors were probably not even contacted by their futures broker. By the time they checked their account the next Monday Morning, either their protective stop orders were triggered or the margin clerk forcefully closed their position. The snowball effect in margin calls and stop loss orders was great enough to last several days.

None of this is surprising. However, we were quite surprised to see that net short positions of commercial traders rose substantially during this period. Typically they would be expected to cover their short positions at lower prices, mopping up the losses of retail investors.

This reveals several important changes to the gold and silver markets:
1) It took an enormous number of short positions added to move the market even on a weekend.
2) The gambit failed, as they were not able to cover these positions in volume after the dump. Nevertheless, as we have been expecting for several years, the commercial traders will be net long before the metals make new highs. But if they can't cover at lower prices, they will begin covering at higher prices as we saw when silver rose from $20 fall 2010 to $50 in spring 2011.

We suspect that the failure of the gold gambit is largely due to the unexpected surge in GLOBAL demand for physical metal. Premiums on bullion products are higher than they were during the 2008 crash, with even junk silver selling at $5-$6 over the paper spot price. This is unprecedented.

The consolidation in gold and silver over the last two years has been painful, especially for mining investors. However, with the prices of the metals at or below production costs, along with shortages of retail bullion products, and zero net long small investors, we are struggling to identify any more sellers. The summer season is typically weak for precious metals, and they could easily back and fill a base over the next six months, however the risk in accumulating physical metals in this price range is very low. We also believe that producing miners with cash holdings represent substantial value at this time.
  Caution Advised in Gold and Silver Sun, 02 Sep 2012 02:35:00 GMT
Gold and especially silver have succumbed to a long a demoralizing correction over the last 12 to 18 months. The summer doldrums likely marked the bottom of this correction, and the metals have turn the corner higher. However, both gold and silver investors will likely have their resolve tested once again in the coming weeks before the metals are able to break higher.

Precious metals (GLD, SLV), and mining equities surged from their 2008 lows to their 2011 highs in reaction to massive monetary intervention, and an initial surge in inflationary expectations. Although interest rates have remained near zero, and real interest rates are clearly negative, precious metals investors have been disappointed by the ongoing global stagflationary wealth destruction, and the failure of further intervention by policy makers. The Federal Reserve has admitted that the US economy is weaker than desired, yet it has also continually disappointed in announcing a new quantitative easing as it seeks political justification.

The last two years of global policy makers kicking the can down the road, in conjunction with weaker demand from India, has created the environment for a severe correction in gold, silver, and miners. While it hasn't been the most severe in terms of percentage loss, it has likely been the most severe in terms of sentiment. With Europe, India, China, and the US all decelerating at a rapid pace, and the US fiscal cliff returning the political forefront, we believe that we are months away at the most from a turn in monetary policy. Verbal intervention has run its course, and real monetary intervention is a mathematical certainty.

Gold miners(GDX) bottomed in May, and are leading the metals. They are now overbought and could face a sharp correction before breaking out.

Gold and silver may already have begun pricing in future intervention, however commercial banks are not yet on board with the breakout in gold and silver. Net commercial short positions in both gold and silver, at a time when prices are near resistance levels and overbought are indicating that a short and severe correction could be imminent.

Silver has had an especially large spike in commercial short positions over the last three weeks.

The current commercial short positions in silver and gold must be reduced before the metals can break higher. In other words, commercial banks must cover the majority of their short positions. While they could cover as prices rise, history suggests that the most likely scenario is for the commercial banks to take down the price and cover at lower levels. This correction will likely coincide with the realization of a global recession/depression in 2013 and end with the realization of further monetary intervention.
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