Commitment of Traders
Positions as of Tue Sep 1 2026, released Fri Sep 4 2026. Managed money net as a percent of open interest. The pot does not guess — it buys the top of this table.
The print buys GOLD
Commercials in gold sit at the top of their 26-week range. Specs are net long +32.9% of open interest. Seat vaults take the same trade the commercials are fading — that is the whole product.
GOLD ████████████████████████████░░ +32.9 COP ███████████████████████░░░░░░░ +25.8 SLVR ███████████░░░░░░░░░░░░░░░░░░░ +12.1 CTN ██████░░░░░░░░░░░░░░░░░░░░░░░░ +6.2 BTC ███░░░░░░░░░░░░░░░░░░░░░░░░░░░ +3.6 WTI ░░░░░░░░░░░░░░░░░░░░░░░░░░░░░▓ -1.4 NGAS ░░░░░░░░░░░░░░░░░░░░░░░░░░░▓▓▓ -5.0 PALL ░░░░░▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ -28.0
Managed money net % of OI · last print
| Market | Net | Bar | Specs | Commercials | Δ OI | OI |
|---|---|---|---|---|---|---|
| GOLD | +32.9% | +32.9% | -33.1% | +12.1% | 512k | |
| COPPER | +25.8% | +25.8% | -24.0% | +8.4% | 248k | |
| STEEL | +18.0% | +18.0% | -16.4% | +3.2% | 41k | |
| PLATINUM | +12.8% | +12.8% | -11.1% | -3.2% | 68k | |
| SILVER | +12.1% | +12.1% | -14.6% | +0.1% | 142k | |
| HEAT OIL | +7.7% | +7.7% | -6.9% | +2.7% | 310k | |
| COTTON | +6.2% | +6.2% | -5.1% | +1.4% | 189k | |
| BTC | +3.6% | +3.6% | -5.5% | -6.3% | 19.7k | |
| BRENT | +2.1% | +2.1% | -1.8% | -0.9% | 2.1m | |
| ALUMINUM | -0.7% | -0.7% | +1.2% | 0.0% | 88k | |
| WTI | -1.4% | -1.4% | +2.4% | 0.0% | 1.8m | |
| NATGAS | -5.0% | -5.0% | +6.8% | -1.0% | 1.4m | |
| PALLADIUM | -28.0% | -28.0% | +22.4% | +3.0% | 14k |
Source shape: CFTC Commitments of Traders, futures only. This page is the pit's copy of the print — the rotation reads the same numbers.
Commercials
Hedgers. Producers, processors, the people with the metal. When they are this short gold, the pot is long it.
Specs
Leveraged funds. They are the other side of the commercials. A crowded spec long is usually the top of the range.
The seat
Does not pick. It takes the top of the table, in order, every time the pot clears 0.1 SOL. One seat, one share.