Much of the selling pressure in gold this week has been weak long liquidation.
FORBES: Comex Ends Lower on Follow-Through Pressure From Wednesday's Drubbing
Barclays Capital ascribed the drop in non-commercial positions as primarily long liquidation of long positions.
FORBES: FOCUS: Speculators Continue To Whittle Back Exposure To Metals - CFTC
December silver futures prices closed near the session low Wednesday on profit taking and long liquidation.
The preponderance of the selling appeared to come in the form of long liquidation.
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July Comex silver futures closed near mid-range Thursday and saw profit-taking and long liquidation pressure.
FORBES: Comex Gold, Silver End Down, but Off Daily Lows; Risk Aversion Prompts Selling Pressure
Further, he added, funds are returning to the market after long liquidation earlier this summer.
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There was also some long liquidation reflected by a decrease in total longs of 376 lots.
FORBES: CFTC: Large Speculators Cut Gold Net Length As Traders Add Short Positions
There was also some long liquidation, as the number of total longs fell by 2, 352.
FORBES: CFTC: Large Speculators Cut Gold Net Length As Traders Add Short Positions
Both reports also showed further long liquidation in silver, as the number of total longs also fell.
FORBES: Fund Net Length Stabilizes In Gold, Continues Falling For Other Precious Metals
Barclays Capital said the action in gold is a sign of long liquidation and new shorts being established.
FORBES: FOCUS: Speculators Continue To Trim Gold, Silver, Platinum Bullish Exposure -CFTC
This was largely the result of long liquidation, as the number of total longs declined by 1, 953 lots.
FORBES: CFTC Data: Funds Trim Gold, Silver Length Slightly; Next Report To Be 'Much More Telling'
Long liquidation, much of which was profit taking and margin-call selling, hit the gold market in late-morning dealings.
FORBES: Comex Hits Another All-Time High Early On, Then Backs Off Sharply on Long Liquidation
Robin Bhar, senior metals analyst at Credit Agricole CIB, said extreme price swings and profit-taking contributed to long liquidation.
FORBES: FOCUS: Speculators Cut Bullish Exposure To Precious, Base Metals --CFTC Data
The move into cash by many traders, heading into the weekend, is featured as long liquidation in many markets.
News the CME Group again raised its margin requirements for gold also prompted long liquidation in the futures market.
Much of the selling pressure in gold was panic and weak long liquidation.
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Prices closed near the session low Wednesday on profit taking and long liquidation.
The net-long position in gold remains heavy and prices are softening, and they say the possibility of long liquidation is increasing.
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The majority of this change also was due to apparent long liquidation.
FORBES: CFTC Data: Funds Trim Gold, Silver Length Slightly; Next Report To Be 'Much More Telling'
This was due to a mixture of long liquidation (total longs fell by 3, 256) and fresh selling (total shorts rose by 1, 951).
FORBES: CFTC Data: Fund Managers Slash Net Length In Precious Metals
Latest commitment of traders data from the CFTC does corroborate major speculator long liquidation in many commodity futures markets, especially crude oil.
Long liquidation combined with newly established short positions reduced the net-long position.
FORBES: Funds Shed Gold Positions, Bolster PGM Futures, Options - CFTC
The figure represented a slight decline from 129, 502 the previous week, mainly due to long liquidation as the number of total longs fell.
FORBES: Fund Net Length Stabilizes In Gold, Continues Falling For Other Precious Metals
This was due to a fairly even split between fresh selling (increase of 1, 915 total shorts) and long liquidation (decline of 2, 039 longs).
FORBES: CFTC: Large Speculators Cut Gold Net Length As Traders Add Short Positions
For commodities markets generally, when net-long positioning hits longtime lows, analysts view this as an indication that long liquidation has about run its course.
FORBES: CFTC Data: Fund Managers Slash Net Length In Precious Metals
The move was not a big surprise to the market place, but it did prompt more strong long liquidation pressure in the futures market.
FORBES: Comex Gold Ends Firmer, Near Daily High, Which Gives Bulls Some Encouragement
This was the result of a mixture of long liquidation and short selling and was down from a net long of 7, 016 the prior week.
FORBES: Fund Net Length Stabilizes In Gold, Continues Falling For Other Precious Metals
This occurred as the long liquidation slightly outpaced the short covering.
FORBES: CFTC Data: Funds Trim Gold, Silver Length Slightly; Next Report To Be 'Much More Telling'
Large speculators trimmed their net length in gold futures on long liquidation during the most recent reporting week, late-Friday data from the Commodity Futures Trading Commission show.
FORBES: CFTC Data: Funds Pare Net Length in Gold On Long Liquidation
Follow-through technical selling pressure and more weak-long liquidation are featured.
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