Positioning Intelligence

Positioning

How are major traders positioned? CFTC managed-money futures and filing-backed ETF holdings.

Positioning is not the same as psychology, price momentum, a forecast, or a recommendation. It describes reported futures and ETF holdings — delayed weekly CFTC prints and slower filing-backed ETF observations, never live sentiment.

Latest CFTC report 2026-10-06 (weekly cadence — not real-time)Report date: 2026-10-06Methodology Psychology (attention & crowd behavior) →

Cross-Asset Positioning Overview

Managed Money net positioning — Gold, Silver, and Copper futures (CFTC Disaggregated). Each metal carries its own weekly report date. A stale print is still the last certified observation — it is not this week’s positioning.

Gold

NEUTRAL

Current

Net Position: +110,987
1W Change: -9,331
4W Change: -23,985
13W Change: -5,174
Historical Percentile: 56th (5Y)

Silver

ELEVATED SHORT

Current

Net Position: +7,528
1W Change: -86
4W Change: -6,858
13W Change: -5,673
Historical Percentile: 22nd (5Y)

Copper

ELEVATED LONG

Current

Net Position: +61,134
1W Change: -16,924
4W Change: -21,020
13W Change: +2,350
Historical Percentile: 87th (5Y)

Asset	Net Position	1W Change	4W Change	13W Change	Historical Percentile	Positioning State	Report	Freshness
Gold	+110,987	-9,331	-23,985	-5,174	56th (5Y)	NEUTRAL	2026-10-06	Current
Silver	+7,528	-86	-6,858	-5,673	22nd (5Y)	ELEVATED SHORT	2026-10-06	Current
Copper	+61,134	-16,924	-21,020	+2,350	87th (5Y)	ELEVATED LONG	2026-10-06	Current

Detailed Positioning

Select an asset to inspect current CFTC positioning.

Gold

Managed Money (CFTC Disaggregated — Futures Only)

NEUTRAL

Current

Net: 110,987
Open Interest: 396,109
Weekly Change: -9,331
4-Week Change: -23,985
13-Week Change: -5,174
Historical Percentile: 56th (5Y, n=260)

Managed Money net positioning is at the 56th percentile of the past 260 weekly reports (Neutral / NEUTRAL). Weekly net decreased by 9,331 contracts.

GOLD - COMMODITY EXCHANGE INC. · Code 088691 · Report 2026-10-06 · Published 2026-10-09

Positioning History

Gold — Managed Money Net Positioning

Weekly CFTC reports — no interpolation between gaps

Full history ranges and participant breakdown require Pro. Upgrade

110,987 contracts

2025-10-14 → 2026-10-06 · 52 weekly observations

ETF Holdings

Filing-backed ETF holdings follow the issuer's reporting cadence — usually quarterly — and are not the same as weekly CFTC positioning. Dates below are as-of the filing, not this week's futures print.

GLD

SPDR Gold Trust

Quarterly filing

Reported holdings: 1,005.1 t
Change vs prior filing: -1,319,993.7 oz
Report date: 2026-06-30

SEC 10-Q · period 2026-06-30

SLV

iShares Silver Trust

Quarterly filing

Reported holdings: 15,271.5 t
Change vs prior filing: -37,702,471 oz
Report date: 2026-03-31

SEC 10-Q · period 2026-03-31

Source & Methodology

CFTC source: U.S. Commodity Futures Trading Commission (CFTC)
Report type: Disaggregated — Futures Only
Participant category: Managed Money (CFTC Disaggregated — Futures Only)
Net definition: Managed Money long minus short (contracts)
Percentile window: Default 5Y (~260 weekly reports) when history supports ≥20 observations; falls back to shorter windows when insufficient.
Cadence: Weekly (typically Friday release for prior Tuesday positions)
ETF holdings: SEC filing-backed reported holdings for GLD and SLV — quarterly or provider-native cadence, not high-frequency flows.
Positioning states: Descriptive percentile bands (≥90 EXTREME LONG, ≥70 ELEVATED LONG, 30–69 NEUTRAL, ≥10 ELEVATED SHORT, <10 EXTREME SHORT). Not buy/sell signals.

Methodology SENTIMENT-POSITIONING-1.0 · Generated 2026-10-12T10:39:12Z

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