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  TRADE PLACER FEATURED ITEMS LIST NEW OPPORTUNITY (FREE)
Name Last Symbol Expire Date Bid Ask  
American Eagle Gold Coin (1 oz.) American Eagle Gold Coin (1 oz.) $1,142.00  GOLD1ozAE-2012/12/31 12/31/14 $1,142.00 $1,325.12 Buy Sell
Canadian Maple Gold Coin (1 oz.) Canadian Maple Gold Coin (1 oz.) $1,142.00  GOLD1ozCM-2012/12/31 12/31/14 $1,142.00 $1,324.92 Buy Sell
American Eagle Silver Coin (1 oz.) American Eagle Silver Coin (1 oz.) $34.08  SILVER1ozAE-2012/12/31 12/31/14 $15.64 $20.91 Buy Sell
Canadian Maple Silver Coin (1 oz.) Canadian Maple Silver Coin (1 oz.) $35.66  SILVER1ozCM-2012/12/31 12/31/14 $15.64 $20.41 Buy Sell
US90% Silver Coins $100 Face (pre1965) (71.5 oz.) US90% Silver Coins $100 Face (pre1965) (71.5 oz.) $1,058.92  SILVER90PC100F-2012/12/31 12/31/14 $1,058.92 $1,309.88 Buy Sell
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  EDITORIALS
  Gold Investors Weekly Review ? November 21st Gold Silver Worlds 2014-11-23 10:51:56.0
In his weekly market review, Frank Holmes of the
 
  Swiss Gold Referendum Explained (Infographic) Jason Hamlin 2014-11-23 02:54:12.0
 
  Daily Digest 11/22 - Stop Trying To Save The World, Record High Temps In B.C. Waters martenson 2014-11-22 21:22:11.0
 
  Infographic Explains Swiss Gold Referendum In Comprehensive Way Gold Silver Worlds 2014-11-22 19:35:36.0
This infographic, courtesy of
 
  Gold's Upswing In November Amid A Lower Trend Line Gold Silver Worlds 2014-11-22 18:57:57.0
This is an excerpt from the daily
 
  Noonan: Rallies In Gold & Silver Don't Suggest A Change In Downward Trends ? Yet Lorimer Wilson 2014-11-22 17:22:10.0
…As encouraging as the recent rallies in gold and silver may seem, they are still just
 
  I keep my Own Physical Gold. I do not trust anyone of these FCKs. MarcFaberBlog 2014-11-22 16:13:54.0
Gold Broker: Do you think it will break under $1,000 like some people say?Marc Faber: Look.
 
  Is the Golden Rule Broken? Michael Noonan 2014-11-22 10:32:15.0
He who owns the gold rules.
 
  Have the HUI, GDX, GDXJ & XAU All Finally Bottomed? Is It Time to Buy? Lorimer Wilson 2014-11-22 04:08:27.0
The HUI declined each and every week from mid-August until the end of October but has closed UP for the past 3 weeks.
 
  Energy & The Economy - Crash Course Chapter 22 martenson 2014-11-22 03:00:35.0
 
  Make Multi-Purpose Cord from Nettles martenson 2014-11-22 03:00:35.0
 
  Stocks: What Do The Charts Say Now? - Link ciovaccocapital.com 2014-11-22 01:26:26.0
This week's video should be available (and fully processed for 1080p viewing) between 8:45 and 9:15 pm ET Friday.
 
  The Next Car You Buy Will Be an Electric Car Stephen Petranek 2014-11-21 23:58:19.0
This post
 
  Metals Firm Up as Central Banks Nervously Eye Gold Vote brucelee 2014-11-21 23:25:41.0
Now for more on what's head for gold and silver and what suppressed prices are doing to the mine supply, let's get right to this week's exclusive?
 
  A Treasure Chest of ?Secret? Buy Signals Paul Mampilly 2014-11-21 23:20:34.0
This post
 
  Is the Next American Shale Play Right in Your Backyard? Matt Insley 2014-11-21 23:01:36.0
This post
 
  HUI, GDX & GDXJ Have Bottomed ? Is It Now Time to Buy? Lorimer Wilson 2014-11-21 22:22:44.0
The HUI declined each and every week from mid-August until the end of October but has closed UP for the past 3 weeks.
 
  Daily Digest 11/21 - Lean Times Ahead, Can Immigration Save Japan? martenson 2014-11-21 21:14:53.0
 
  Gold Going Down to $1,000 & Perhaps Even As Low As $850! Here's Why Lorimer Wilson 2014-11-21 17:33:31.0
I see gold going lower and lower eventually breaking below the psychological figure of
 
  Gold Could Possibily Reach $3,000 ? $4,500 By 2016! Here's Why Lorimer Wilson 2014-11-21 17:33:31.0
Since 1999 the gold price has moved in concert with the growth in the U.
 
   LATEST NEWS
  The Bittersweet Tale of Sauternes Wed, 26 Nov 2014 00:00:00 -0500
Rarity, price and changing tastes mean a Bordeaux classic isn’t as loved as it should be.
 
  Surprises From Silver ETFs? Just Maybe Sun, 23 Nov 2014 05:00:48 -0800
Over the past 90 days, the iShares Silver Trust (NYSEArca: SLV) and the ETFS Physical Silver Shares (NYSEArca: SIVR) are off 15.6%, a decline that is more than twice as bad as the 6.3% drop for the SPDR ...
 
  Competition heats up for 2014 Air New Zealand Wine Awards Sun, 23 Nov 2014 01:13:33 -0800
The competition is heating up for this year?s Air New Zealand Wine Awards with a near-record number of entries. A total of 1,557 wines across 16 different classes have been entered into this year?s competition.
 
  Sweet Win for Esk Valley at Hawkes Bay A&P Wine Awards Sat, 22 Nov 2014 20:46:08 -0800
Esk Valley Estate was awarded the Trophy, sponsored by Hurford Parker Insurance Brokers, for the Champion Sweet Wine at the Hawkes Bay A&P Wine Awards. These awards are the oldest, regional wine competition in the country and celebrate Hawke?s Bay as a premium wine growing region.
 
  The 20 Best Wines In The World, According To Wine Spectator Sat, 22 Nov 2014 14:55:00 -0800
Since 1988, Wine Spectator's editors have been...
 
  For Kinross CEO, it's 'situation normal' in Russia Fri, 21 Nov 2014 17:10:12 -0800
Paul Rollinson, chief executive officer, Kinross Gold Corp.
 
  For Kinross's gentle giant, it's 'situation normal' in Russia Fri, 21 Nov 2014 14:32:40 -0800
Paul Rollinson, chief executive officer, Kinross Gold Corp.
 
  Related Sector Fri, 21 Nov 2014 13:49:00 -0800
Further falls in the gold price would force miners to shut higher-cost operations, Toronto-based McEwen Mining 's CFO, Perry Ing, said.
 
  Bet against Chanos? The wine market says you should Fri, 21 Nov 2014 11:45:01 -0800
While some have predicted a peak in the art market, demand for fine-and-rare wines suggests spending by the rich is as strong as ever.
 
  Gold?s Volatility & Other Things to Watch Fri, 21 Nov 2014 07:19:07 -0800
Gold?s reversal from $1130 to $1200 combined with sharp rebounds in the gold miners has given precious metals bulls some hope that the bottom may be in. A few weeks ago we noted that the sector was extremely oversold and a snapback rally could begin.
 
  Barrick Gold (ABX) Stock Rises Today After JP Morgan's Gold Research Note Thu, 20 Nov 2014 13:21:48 -0800
NEW YORK (TheStreet) -- Shares of Barrick Gold  closed up 2.97% to $12.83 on Thursday after JP Morgan  mentioned the stock in a research note on gold stocks issued Thursday. After gold stocks fell sharply on Wednesday, the firm believes investors should buy one gold producer and short another instead of selecting individual miners. "Given the uncertain and volatile outlook for the US$ and thus ...
 
  Silver Wheaton (SLW) Stock Gains On JP Morgan Recommendation Thu, 20 Nov 2014 12:43:57 -0800
NEW YORK (TheStreet) -- Shares of Silver Wheaton were gaining 3.1% to $21.30 Thursday following a positive note from JP Morgan . In a research note JP Morgan recommended that investors buy Silver Wheaton and sell its competitor silver miner Coeur Mining . "This is based on the idea that royalty/streaming companies will be more robust in times of weak metals prices than pure-play miners," analyst ...
 
  iPhone app takes guessing out of buying wine ? and beer Thu, 20 Nov 2014 11:29:02 -0800
When you first download the app, you are asked to...
 
  Gold rises as price drop tempts physical buyers Thu, 20 Nov 2014 11:27:35 -0800
By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) - Gold rose on Thursday on data showing rising U.S. inflation, and after the previous day's 1-percent drop triggered renewed physical interest by ...
 
  PRECIOUS-Gold rises as price drop tempts physical buyers Thu, 20 Nov 2014 11:24:01 -0800
* Dollar pulls back from 7-year high versus the yen * Physical demand surges after Wednesday's price tumble * Platinum briefly dips to a discount to gold (Adds comment, NEW YORK to dateline, second byline, updates market activities) By Frank Tang and Jan Harvey NEW YORK/LONDON, Nov 20 (Reuters) - Gold rose on Thursday on data showing rising U.S. inflation, and after the previous day's 1-percent ...
 
  Confused about wine? Use this app Thu, 20 Nov 2014 06:24:53 -0800
Next Glass' app lets you know whether you'll like a wine or beer with a quick scan.
 
   LATEST FROM BLOG
  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!!!

From quantshare.com

 
  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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