COT Gold, Silver and US Dollar Index Report - September 9, 2011

Gold COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
248,457	64,086	31,105	174,101	401,815	453,663	497,006
Change from Prior Reporting Period
11,227	3,803	1,596	-2,375	7,984	10,448	13,383
Traders
201	76	81	51	52	293	173
	Small Speculators
	Long	Short	Open Interest
	69,631	26,288	523,294
	3,520	585	13,968
	non reportable positions		Change from the previous reporting period
COT Gold Report - Positions as of				Tuesday, September 06, 2011

Gold COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
267,098	25,594	315,388	339,884	625,638	922,370	966,620
Change from Prior Reporting Period
9,349	481	25,260	13,932	25,229	48,541	50,970
Traders
237	88	165	56	56	351	255
	Small Speculators
	Long	Short	Open Interest
	85,379	41,130	1,007,750
	4,190	1,761	52,731
	non reportable positions		Change from the previous reporting period
COT Gold Report - Positions as of				Tuesday, September 06, 2011

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
37,185	9,978	16,965	30,563	77,869	84,713	104,812
648	284	-465	-1,381	777	-1,198	596
Traders
75	36	40	34	45	134	102
	Small Speculators
	Long	Short	Open Interest
	28,736	8,637	113,449
	2,272	478	1,074
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
37,859	3,324	52,868	42,873	99,093	133,599	155,284
314	-643	1,165	-824	1,797	656	2,319
Traders
95	32	75	36	47	160	130
	Small Speculators
	Long	Short	Open Interest
	34,897	13,213	168,497
	2,563	900	3,219
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

US Dollar Index COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,202	27,933	3,325	14,814	16,382	44,341	47,640
-4,823	-6,074	1,962	-3,116	504	-5,977	-3,608
Traders
50	32	12	18	11	76	49
	Small Speculators
	Long	Short	Open Interest
	6,225	2,926	50,566
	873	-1,496	-5,104
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

US Dollar Index COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,166	28,026	3,605	15,015	16,555	44,785	48,186
-4,899	-5,986	2,082	-2,981	541	-5,798	-3,363
Traders
52	36	17	19	12	81	57
	Small Speculators
	Long	Short	Open Interest
	6,414	3,013	51,199
	904	-1,531	-4,894
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

COT reports every week we see a breakdown of positions available every Tuesday for the markets in which more than 20 traders hold positions equal to or exceeding the benchmarks set by the CFTC. Weekly reports of Futures and Options Combined Commitments of Traders are released every Friday at 15:30 ET. The brief report shows open interest separately by the positions and not to report notifiable. To report positions, additional data are provided in the commercial and noncommercial farms, spread, changes in the previous report. Futures and options combined
What is the title? A future is a standardized contract traded on a regulated market when an investor buys or sells a contract at a specified price for a specific date in the future. The price includes interest expense due to the seller by the buyer on the date of expiry of the contract. One option is the "right to buy or sell" a contract on a fixed date in the future at a specified time [strike] prices. The difference is that the futures contract is an agreement to buy or sell, then that option gives the holder the right to buy or sell. The holder of an option may decide not to take this right and only lost the cost of purchasing the option. His loss is therefore can be defined at the beginning of your investment, while the profit potential is not limited to it. A futures contract is usually leveraged [loan] to 90% of the contract. However, with the owner responsible forcomplete your "margin" to maintain this potential loss of 10% can increase much higher than their investment. A 'long' [purchase] agreement limits the loss of the full price of the game, while the "short" [Sales] contract has no limit, except the price of the product can generate.

 The commitment of traders report [COT] is a report on the general state of the Commodity Exchange [NYMEX COMEX or].
 Large and small speculatorsThe word "speculator" implies that the person is simply to make a bet on how they think the price of the product will move. In essence, this is a player. A trader might be present, but it could also be an arbitrageur, buying in a market and selling in another to capture the price difference between the two. He wants to try as soon as possible to minimize their risk of price movement, while it is exposed. I would not put in the same category as a speculator.
 ContractA contract is 100 grams of commodity [gold and silver in this case]. The above figures therefore the number of contracts of 100 ounces in that position. The speculative net long position is obtained by adding small and large speculators bought contracts and the deduction of speculators, large and small contracts sold. The work of the existence of 32,150 ounces in a tonne.
 Buy [Long]A long position is when an investor, entrepreneur, speculator buys 100 x number of contracts oz
 Sell ​​[short]A short position is when an investor, entrepreneur, speculator sells 100 oz x number of contracts.
 ExtensionFor the report of options and futures combined, the spread measures the extent to which each business operator is not combined long and short positions combined. For example, if a trader does not trade in gold futures contract is 2,000 long and 1,500 short contracts, 500 contracts will appear in the "long" category and 1,500 contracts were published in the "spread" category .
 Open InterestOf interest is the Open total of all futures and / or option contracts entered into and not yet offset by transaction, by delivery, exercise, etc. All open long positions is equal to the sum of all short open positions.
 Reportable PositionsClearing members, agents and brokers foreign Futures Commission (collectively, "reporting companies") to submit daily reports with the Commission. These reports show the futures and options positions by traders who hold positions above specific reference levels set by CFTC regulations.
 Traders and non-commercialWhere a trader is identified to the individual notification of Futures Trading Commission, the trader has been classified as "commercial" or "non-commercial." All positions reported a futures trader in a commercial product is classified as when the operator uses futures contracts that particular product for hedging purposes as defined in the regulations (1.3 (z)).
 No reportable positionsOpen interest of long and short is indicated as "non-reporting of positions" is calculated by subtracting total long and short "Reportable Positions" in the total open interest. Therefore, "no positions to declare" The number of traders involved and classification commercial / noncommercial each operator are unknown.
 Changes in the commitments of previous reportsThe changes represent the differences between the date of this report and the data published in the previous report.
 Number of retailersTo determine the total number of reportable traders in a market, a trader is counted only once, regardless of whether the trader appears in more than one category (non-trading can be long or short and can spread , traders may be long and short). To determine the number of operators in each category, however, a merchant account in each category in which the operator has a position. Therefore, the sum of the numbers of traders in each category, often exceed the "total" number of players in this market.