Specs cut gold longs, raise silver, copper length -CFTC

Industry News 11:05:49AM Oct 28, 2013 Source:SMM

Fri, 25 Oct 20:42:00 GMT

(Adds graphic link, paragraphs 3-5)

Oct 25 (Reuters) - Hedge funds and money managers cut bullish bets in futures and options of U.S. gold markets for the week ended Oct. 1, but they increased their net longs in silver and copper futures, a report by the Commodity Futures Trading Commission showed on Friday.

Earlier this week, the CFTC said it will release its postponed weekly commitments of traders reports over the next two weeks, as it resumes function after the partial U.S. government shutdown. [ID:nEMS461K5Q]

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The group, known as Managed Money, cut its net longs in gold by 5,716 lots to 72,938, CFTC data showed.

Speculators raised net longs in silver by 410 contracts to 12,607, and boosted bullish bets in copper futures and options by 2,549 lots to a net long of 7,832, according to the CFTC.

Among platinum group metals, speculators lowered platinum futures and options net longs by 3,056 to 26,046 contracts, while they increased bullish bets in palladium longs by 840 to 22,882 lots.


(Reporting by Frank Tang; Editing by Theodore d'Afflisio and Andre Grenon)

((Frank.Tang@thomsonreuters.com)(+1 646 223 6126)(Reuters Messaging: frank.tang.thomsonreuters@reuters.net))




Key Words:  CFTC METALS 

Specs cut gold longs, raise silver, copper length -CFTC

Industry News 11:05:49AM Oct 28, 2013 Source:SMM

Fri, 25 Oct 20:42:00 GMT

(Adds graphic link, paragraphs 3-5)

Oct 25 (Reuters) - Hedge funds and money managers cut bullish bets in futures and options of U.S. gold markets for the week ended Oct. 1, but they increased their net longs in silver and copper futures, a report by the Commodity Futures Trading Commission showed on Friday.

Earlier this week, the CFTC said it will release its postponed weekly commitments of traders reports over the next two weeks, as it resumes function after the partial U.S. government shutdown. [ID:nEMS461K5Q]

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Graphics package: http://r.reuters.com/buv87r

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

The group, known as Managed Money, cut its net longs in gold by 5,716 lots to 72,938, CFTC data showed.

Speculators raised net longs in silver by 410 contracts to 12,607, and boosted bullish bets in copper futures and options by 2,549 lots to a net long of 7,832, according to the CFTC.

Among platinum group metals, speculators lowered platinum futures and options net longs by 3,056 to 26,046 contracts, while they increased bullish bets in palladium longs by 840 to 22,882 lots.


(Reporting by Frank Tang; Editing by Theodore d'Afflisio and Andre Grenon)

((Frank.Tang@thomsonreuters.com)(+1 646 223 6126)(Reuters Messaging: frank.tang.thomsonreuters@reuters.net))




Key Words:  CFTC METALS