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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.) $1,114.26  GOLD1ozAE-2012/12/31 12/31/14 $1,114.26 $1,293.00 Buy Sell
Canadian Maple Gold Coin (1 oz.) Canadian Maple Gold Coin (1 oz.) $1,114.26  GOLD1ozCM-2012/12/31 12/31/14 $1,114.26 $1,292.80 Buy Sell
American Eagle Silver Coin (1 oz.) American Eagle Silver Coin (1 oz.) $34.08  SILVER1ozAE-2012/12/31 12/31/14 $15.38 $20.61 Buy Sell
Canadian Maple Silver Coin (1 oz.) Canadian Maple Silver Coin (1 oz.) $35.66  SILVER1ozCM-2012/12/31 12/31/14 $15.38 $20.11 Buy Sell
US90% Silver Coins $100 Face (pre1965) (71.5 oz.) US90% Silver Coins $100 Face (pre1965) (71.5 oz.) $1,041.76  SILVER90PC100F-2012/12/31 12/31/14 $1,041.76 $1,288.43 Buy Sell
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  EDITORIALS
  Silver Eagle Sales Climb 87% Higher in October Jason Hamlin 2014-11-01 03:03:12.0
 
  Silver Eagle Sales Climb 87% as Premiums Rocket Higher Jason Hamlin 2014-11-01 02:44:30.0
 
  Silver Eagle Demand Hits New Record as Premiums Rocket Higher Jason Hamlin 2014-11-01 02:25:40.0
 
  550 Fire Cord martenson 2014-10-31 20:33:57.0
 
  How to Care for Chickens in the Winter martenson 2014-10-31 20:33:57.0
 
  Off the Cuff: Japanese Central Bank Throws Granny Under The Bus martenson 2014-10-31 20:33:57.0
 
  Gold And Silver Price Crash Of 2014 Coming? Gold Silver Worlds 2014-10-31 19:37:28.0
Both gold and silver went sharply lower this week,??especially yesterday and today.
 
  Stage Set For Year-End Rally In Stocks? ciovaccocapital.com 2014-10-31 18:41:00.0
After you click play, use the button in the lower-right corner of the video player to view in full-screen mode.
 
  A Silver Nanoparticle Problem that Nobody Knew About is Solved Gold Silver Worlds 2014-10-31 18:03:24.0
It turns out that silver nanoparticles are not as solid as initially thought, making their use in electronic components and circuits a bit challenging as gadgets become increasingly smaller.
 
  A Manifesto, of Sorts Addison Wiggin 2014-10-31 17:57:05.0
This post
 
  Implications Of Greenspan's Latest Talk for Gold Investors Gold Silver Worlds 2014-10-31 17:13:08.0
By Henry Bonner from Sprott Money:I traveled last week to the New Orleans Investment Conference, previously known as the 'Gold Show.
 
  4 DIY Halloween Costumes You Can Make in 10 Minutes or Less Peter Coyne 2014-10-31 16:54:04.0
This post
 
  4 Basic Truths to Help You Navigate the Financial News Bill Bonner 2014-10-31 15:44:43.0
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  Daily Digest 10/31 - Stockton CA To File Bankruptcy, Braving Ebola martenson 2014-10-31 14:10:09.0
 
  How YOU Can Help Pass the Swiss Gold Referendum Grant Williams 2014-10-31 13:51:16.0
This post
 
  Canadian Golden Elephant zealllc 2014-10-31 12:01:57.0
Pretium Resources is advancing its amazing Brucejack gold project, a world-class elephant deposit that is relatively inexpensive to develop into a massive gold mine.
 
  How Small Cap Stocks Saved the Market Greg Guenthner 2014-10-31 11:11:01.0
This post
 
  10 Reasons Why ? Despite the Decline ? You Should Own Some Physical Gold and/or Silver Lorimer Wilson 2014-10-31 10:36:23.0
Sit back and take a look at the economic & financial situation in the world today and
 
  NOW Is the Time to Jump Aboard the Gold & Silver Train! Here's Why Lorimer Wilson 2014-10-31 10:17:29.0
The smart money has been moving into precious metals during dips in recent months
 
  Given the Selloff, Is Now a Good Time to Buy Gold? Lorimer Wilson 2014-10-31 09:58:33.0
Given the selloff, is this a good time to buy gold? My answer is??no.
 
   LATEST NEWS
  Johan Malan Takes Top Honours at Wine-of-the-Month Award Sat, 01 Nov 2014 00:11:30 -0700
 
  U.S. Mint Silver-Coin Sales Jump to 21-Month High Fri, 31 Oct 2014 15:57:09 -0700
Sales of American Eagle silver coins by the U.S. Mint jumped 40 percent in October to the highest in 21 months, defying a slump in New York futures to the lowest in more than four years.
 
  Barrick Debt Insurance Climbs as Gold Price Plunges Fri, 31 Oct 2014 12:27:29 -0700
The cost to insure the debt of Barrick Gold Corp. increased the second-most among Canadian companies as the price of gold fell to a four-year low.
 
  First Majestic Silver Corp. Third Quarter Financial Results to be Released on November 12, 2014 Fri, 31 Oct 2014 11:35:00 -0700
First Majestic Silver Corp. Third Quarter Financial Results to be Released on November 12, 2014
 
  First Majestic Silver (AG) Stock Hits One-Year Low as Silver Prices Drop to Four-Year Low Fri, 31 Oct 2014 09:13:10 -0700
 
  Barrick Gold (ABX) Stock Is Falling Today Along With The Price Of Gold Fri, 31 Oct 2014 08:14:30 -0700
 
  Gold prices in the post-QE world Fri, 31 Oct 2014 07:53:17 -0700
Lacking a distinctive catalyst, gold prices have languished in recent weeks after a failed turnaround attempt earlier this month.
 
  Chris Shanahan's wine reviews for 11th November Fri, 31 Oct 2014 06:24:12 -0700
Chris Shanahan's wine reviews for 11th November
 
  Gold & Silver Market Morning Fri, 31 Oct 2014 06:22:29 -0700
 
  Time to battle ballooning wine markups Fri, 31 Oct 2014 01:39:48 -0700
 
  Gold falls below $US1,200 per ounce Fri, 31 Oct 2014 00:43:10 -0700
Australian gold miners are bracing for more pain as the gold price fell below $US1,200 per ounce, putting pressure on miners such as Newcrest
 
  Gold miners face price drop Thu, 30 Oct 2014 22:10:29 -0700
WA gold miners are set to suffer more pain after the price of the precious metal slid to its lowest level in four years.
 
  Goldcorp CEO Jeannes Sees Gold Price Floor Around $1,200 Thu, 30 Oct 2014 18:03:41 -0700
 
  Gold price tumbles to four-year low Thu, 30 Oct 2014 17:13:28 -0700
Gold slumped Friday to the lowest level in more than four years, as investors took their cue from the stronger dollar and rebounding equities. At about 0705 GMT on the London Bullion Market, gold dived to $1,167.41 per ounce, striking the lowest point since late July 2010. Gold has fallen sharply after the US Federal Reserve announced Wednesday that it will end its quantitative easing (QE ...
 
  Eldorado Gold Corporation: 2014 Third Quarter Financial and Operating Results Thu, 30 Oct 2014 14:05:00 -0700
Eldorado Gold Corporation today reported the Company's financial and operational results for the third quarter ended September 30, 2014. During the quarter, the Company generated $263.5 million in revenues ...
 
  Arian Silver Restructures Quintana Loan Note Thu, 30 Oct 2014 10:45:00 -0700
 
   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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