Speculators cut net longs in silver, gold, copper

Fri May 13, 2011 3:36pm EDT

 NEW YORK, May 13 (Reuters) - Speculators in gold, silver and copper futures
and options sharply cut their net long positions in the week ended May 10, as
metals prices sold off during a commodities rout during the period, according
to the latest report by the U.S. Commodity Futures Trading Commission.
Selected categories from the CFTC weekly Commitment of Traders report:
FUTURES + OPTS    Managed             Swaps          Producer      
                   Net     Chg       Net     Chg       Net     Chg
Gold              198,607 -19,648   -85,213   19544  -174,739   6,116
Silver             19,228  -5,872    -3,450    -404   -45,191     791
Copper              6,076  -8,866    38,380    4275   -46,835   7,068
                 Other         NonReport              Open      
                   Net     Chg       Net     Chg  Interest     Chg
Gold               14,357  -3,892    49,109    -633   805,910  42,156
Silver             10,284   6,280    19,925     936   201,622  -7,653
Copper              5,743    -319    -1,206  -3,953   125,944  -4,949
=====================================================================
FUTURES ONLY      Managed             Swaps          Producer      
                   Net     Chg       Net     Chg       Net     Chg
Gold              180,974 -11,904   -61,688  16,121  -159,893   2,400
Silver             17,457  -5,940      -123     511   -41,213     613
Copper              6,076  -8,866    38,380   4,275   -46,831   7,069
                 Other         NonReport              Open      
                   Net     Chg       Net     Chg  Interest     Chg
Gold               -4,635  -4,413    47,446  -2,296   522,323  -7,809
Silver              6,029   6,072    19,106     117   131,907 -11,434
Copper              5,743    -319    -1,209  -3,956   125,898  -4,951
=====================================================================
                    FUTURES + OPTS         FUTURES ONLY
Gold                   <0#3CFTC088691>     <0#1CFTC088691>
Silver                 <0#3CFTC084691>     <0#1CFTC084691>
Copper                 <0#3CFTC085692>     <0#1CFTC085692>
Additional CFTC data can be found at <0#CFTC> or CFTCGUIDE
or the CFTC website here
 (Reporting by Frank Tang)





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