Loading ...The question. Can we see how many total contracts are on hand? Owned BEFOR the stated adjustment?
Re your: GOLD
“*The large specs decreased their long positions by 21,968 contracts and reduced their shorts by 6,697 contracts.”
For example, did the large specks already have 100,000 contracts long and 100,000 contracts short on hand and THEN make the adjustment?
If they decreased the existing 100,000 longs by 21,968 leaves 78,032 long on hand.
If they decreased the existing 100,000 shorts by 6,697 it leaves 93,303 short on hand.
Making them net short. Without knowing how many existing contracts on hand, how do we know if they are total net long or net short?
I don’t play futures, so I may be asking a very stupid question.