SMM: kitco Gold said in a report released Tuesday that large speculators have again raised their long positions in gold futures based on data from the CFTC's most recent reporting cycle.
In the week ended Dec. 24, the breakdown showed that the net long positions of fund managers rose to 218846, up from 201721 the previous week. The overall increase was almost new buying, with the total number of bulls up 16750. The net long position of gold has increased by 19 per cent over the past two reporting cycles.
In silver, the net long position of fund managers rose to 52897, up from 35479 the previous week. Most of the increases were also new purchases, with a total increase of 13585 positions, while some short positions were also covered, as the total number of short positions decreased by 3833.
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