![15
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Silver Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13]q
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Last 14.49
Bollinger Bands (20,2) [Upper/Lower]: 17.619/13.919
Relative Strength Index (14):
37.589
20
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60
Commodity Channel Index (20,0.015):
−106.96
−200
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Volume (10,000s):
155,615
12
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Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015](https://image.slidesharecdn.com/7cfeaf04-49f6-4afb-af11-7acead56f583-160927130302/85/Metals-_COT_LEGACY-1-320.jpg)
![2.5
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Copper Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13]
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Last 2.462
Bollinger Bands (20,2) [Upper/Lower]: 3.007/2.156
Relative Strength Index (14):
42.605
20
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Commodity Channel Index (20,0.015):
−45.67
−200
−100
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Volume (10,000s):
159,016
14
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Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015](https://image.slidesharecdn.com/7cfeaf04-49f6-4afb-af11-7acead56f583-160927130302/85/Metals-_COT_LEGACY-11-320.jpg)
![1100
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Gold Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13]
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Last 1103.3
Bollinger Bands (20,2) [Upper/Lower]: 1233.706/1073.311
Relative Strength Index (14):
39.692
20
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50
60
Commodity Channel Index (20,0.015):
−94.32
−300
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−100
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300
Volume (10,000s):
421,732
36
38
40
42
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46
Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015](https://image.slidesharecdn.com/7cfeaf04-49f6-4afb-af11-7acead56f583-160927130302/85/Metals-_COT_LEGACY-21-320.jpg)
![550
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Palladium Weekly with Parabolic Stop & Reversal (white) [2013−03−03/2015−09−13]
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Last 590.5
Bollinger Bands (20,2) [Upper/Lower]: 913.225/589.311
Relative Strength Index (14):
28.747
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Commodity Channel Index (20,0.015):
−170.11
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Volume (1000s):
27,515
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35
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45
Mar 03 2013 Jun 02 2013 Sep 01 2013 Mar 02 2014 Jun 01 2014 Jul 27 2014 Nov 30 2014 Mar 01 2015 May 24 2015 Aug 30 2015](https://image.slidesharecdn.com/7cfeaf04-49f6-4afb-af11-7acead56f583-160927130302/85/Metals-_COT_LEGACY-31-320.jpg)
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Platinum Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13]
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Last 965.2
Bollinger Bands (20,2) [Upper/Lower]: 1318.709/948.621
Relative Strength Index (14):
28.291
25
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45
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Commodity Channel Index (20,0.015):
−137.00
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Volume (1000s):
70,035
60
65
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80
Jan 06 2013 Apr 07 2013 Sep 29 2013 Jan 05 2014 Jun 29 2014 Oct 05 2014 Dec 14 2014 Feb 01 2015 Apr 12 2015 Jul 05 2015 Sep 13 2015](https://image.slidesharecdn.com/7cfeaf04-49f6-4afb-af11-7acead56f583-160927130302/85/Metals-_COT_LEGACY-41-320.jpg)
Metals _COT_LEGACY
- 1. 15 20 25 30 Silver Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13]q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q Last 14.49 Bollinger Bands (20,2) [Upper/Lower]: 17.619/13.919 Relative Strength Index (14): 37.589 20 30 40 50 60 Commodity Channel Index (20,0.015): −106.96 −200 −100 0 100 200 Volume (10,000s): 155,615 12 14 16 18 20 Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015
- 2. qqq q qqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqq qqqqqq qqqqqqqqqqqq qqq q qq qqq q qqqqqqqqqq q qqq q q q q qq qqqqqqqqqq qqqqqqq qqqqqqqq qq qqqqqqqqqqqqqqqq qqq qq q q qqqq qqqq qq qq q qqqqq qqqqqqq qq qqq qqqqq qq qqq q qq qq qqqq q qqqq qq qq qqq qq q q q q qqq q qqq qq q q qq qq q q qq qqq q q q q q qq qq qqq q qqqq qqq qqq q q qqqqqq qqqqqqqq qq q qqqqq qq q q qqqq qqqq qqq q qqqqqq qq qqqq qqqqq qqq qqq qqqq qqqqq qqq qqqqqqqqqq qqqq qqqqqqqqqqqq qqqqqqqqqqqqq qq qqqqqqqq qq qq qqqq qqqqq qqqqqqqqqqqqqqq 10 20 30 40 2008 2010 2012 2014 2016 Date SilverFrontMonthPrice SilverFront Month Price q qq q qq q q q qqqq q q q qq q q qqqq q q q qq q q q q q q q q q qq q q q q q q qq q qq qqqqq qqq qqqqq q q qqqq q q q q q q q q q qqq q qq q q qqq qqq qqq qq qqqq qq qq qq qq q q q q qqq qq q q qq q q qqq q q q qqqq qq qq q qqqq qq q q qq q q qq q qq qq q q qqqq q qq qq q q qqq qq q qq qqqq qq qq qq q q qqqqqqq qq qqq qqqqq q q q q q qq q qq qq q q qq q qqqqq q qqq qq q q q qq q qq q q qq q qqq qqq q q qqq qq q q q q qq qqqqq q q qqq q qq qq qq q q qqq q q qq q q qqqq qq qqq qq qq q qq q qq q q q qqq q q qqq qqqq qq qq qq q qq qq qqq q q q q q q qqqq q q q q q q qq qq q q q qq q q q q q q q q q q q q q qq qq q q q q qq qq qqq q −60000 −40000 −20000 0 2008 2010 2012 2014 2016 Date SilverCommercialContractsNet SilverCommercial Contracts q qq q qq q q q qqqq q q q qq q q qqqq q q q qq q q q q q q q q q qq q q q q q q qq q qq qqq qq qqq qq qqq q q qqqq q q q q q q q q q qqq q qq q q qqq qqq qqq qq qq qq qq qq qq qq q q q q qqq qq q q qq q q qqq q q q qq qq qq qq q qqqq qq q q qq q q qq q qq qq q q qqq q q qq qq q q qqq q q q qq qqqq qq qq qq q q qqq q qqq qq qqq qqqqq q q q q q q q q q q q q q q q qq qqqqq q qqq qq q q q qq q qq q q qq q qqq qqq q q qqq qq q q q q qq qqqq q q q qqq q qq qq qq q q qqq q q qq q q qqqq qq qq q qq qq q qq q qq q q q qqq q q qqq qqqq qq qq qq q qq qq qq q q q q q q q qqqq q q q q q q qq qq q q q qq q q q q q q q q q q q q q qq qq q q q q qq qq q qq q 0 25 50 75 100 2008 2010 2012 2014 2016 Date SilverCommercialCapacityIndex SilverCommercial Capacity Index Based Upon a Moving 3 Year Window
- 3. qqq q qqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqq qqqqqq qqqqqqqqqqqq qqq q qq qqq q qqqqqqqqqq q qqq q q q q qq qqqqqqqqqq qqqqqqq qqqqqqqq qq qqqqqqqqqqqqqqqq qqq qq q q qqqq qqqq qq qq q qqqqq qqqqqqq qq qqq qqqqq qq qqq q qq qq qqqq q qqqq qq qq qqq qq q q q q qqq q qqq qq q q qq qq q q qq qqq q q q q q qq qq qqq q qqqq qqq qqq q q qqqqqq qqqqqqqq qq q qqqqq qq q q qqqq qqqq qqq q qqqqqq qq qqqq qqqqq qqq qqq qqqq qqqqq qqq qqqqqqqqqq qqqq qqqqqqqqqqqq qqqqqqqqqqqqq qq qqqqqqqq qq qq qqqq qqqqq qqqqqqqqqqqqqqq 10 20 30 40 2008 2010 2012 2014 2016 Date SilverFrontMonthPrice SilverFront Month Price q qq q q q q q q q qqq q q q q q q q q qqq q q q qq q q q q q q q q qq q q q q qq q qq q q q qq q q q qqq qqqqq q q qqqq q qq q q qq q qq qq q qqq q q qq q qq qqqqq qq qqq qqq q q qq q q q q qqq q q qq q q q q qqq q q qqqq q q q qq q qqqq qq q q q q qq qq q qq q qq q qqq q q qq qq q q qq q qq q q q qq qq q qqqq q q q qqq q qqq qq q qq qqqqq q q q qq qq q qqqq q q qq qqqqqqq qq qq q q q q qq q qqq q qq qqq qqqq q qqqq q q q q qqqq q qq q q q q qq q q q qqq qq q q q qq q q qq q q q q q q qq qq q qq qq q q q q q qqq q qqq q q q qq q qqq q q qqq q q q q q q qq q q q q q q q qq q q q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q qq q q q q q q q q qq qq 0 20000 40000 2008 2010 2012 2014 2016 Date SilverSpeculatorContractsNet SilverSpeculator Contracts q qq q q q q q q q qqq q q q q q q q q qqq q q q qq q q q q q q q q qq q q q q qq q qq q q q qq q q q qqq qqqqq q q qqqq q qq q q qq q qq qq q qqq q q qq q qq qqqqq q q qqq qqq q q qq q q q q qqqq q qq q q q q qq q q q qqq q q q q qq q qqqq qq q q q q qq qq q qq q qq q qqq q q qq qq q q qq q qq q q q qq qq q qqq q q q q qqq q qqq qq q qq qqqqq q q q qq qq q qqqq q q qqqq qqqqq qq qq q q q q qq q qqq q qq qqqqqqq q qqqq q q q q qqq q q qq q q q q qq q q qqqq qq q q q qq q q qq q q qq q q qq qq q qqqq q q q q q qqq q qqq q q qqq q qqq q q qqq q q q q q q qq q q q q q q q qq q q q q q q q q q q qq q q q q q q q q q q q q q qq q q q q q qq q q q q q q q q qq qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date SilverSpeculatorCapacityIndex SilverSpeculator Capacity Index Based Upon a Moving 3 Year Window
- 4. qqq q qqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqq qqqqqq qqqqqqqqqqqq qqq q qq qqq q qqqqqqqqqq q qqq q q q q qq qqqqqqqqqq qqqqqqq qqqqqqqq qq qqqqqqqqqqqqqqqq qqq qq q q qqqq qqqq qq qq q qqqqq qqqqqqq qq qqq qqqqq qq qqq q qq qq qqqq q qqqq qq qq qqq qq q q q q qqq q qqq qq q q qq qq q q qq qqq q q q q q qq qq qqq q qqqq qqq qqq q q qqqqqq qqqqqqqq qq q qqqqq qq q q qqqq qqqq qqq q qqqqqq qq qqqq qqqqq qqq qqq qqqq qqqqq qqq qqqqqqqqqq qqqq qqqqqqqqqqqq qqqqqqqqqqqqq qq qqqqqqqq qq qq qqqq qqqqq qqqqqqqqqqqqqqq 10 20 30 40 2008 2010 2012 2014 2016 Date SilverFrontMonthPrice SilverFront Month Price q qq q qqqq q q q q q q qqq q q q q q qq q q q qq qq q qq q qq q qqq q q q qq q qq qqq q qq q qq q q qqq qqq qq qqq q qq q q q qq q q q q q q q q q qq q q q qqq qq qqqq q q q qq qqq qqq q q qq qqq qq qq q q q qq qq qqq q q q qq qq q q q qqq q q q q qqq q qqq q q qqq q qq q qqq qq qq q q q qq q qq q q q q q q q qqq qq q qqq q qq q q q q q qqqq q q q qq q q q q q q q q q qq q q qq q q qq q q q q q qq q q q q qq q q q qq q q q q q q q qq qq q q q q qq q qqqq q q q q q q qq qq qq q q q q qq q qq q qq q q q q q q q qq q qq q q qq q q q q qq q q qq qqq q qqq q qq q qq q q q q q q q qqq q q q q q q q q qq q q q q q q q q qq q qq q q q q qq q q q q q q q q q q qq qq q q q q qq q q q −20000 −15000 −10000 −5000 0 2008 2010 2012 2014 2016 Date SilverTotalReportsContractsNet SilverTotal Reports Contracts q qq q qqqq q q q q q q qqq q q q q q qq q q q qq qq q qq q qq q qqq q q q qq q qq qqq q qq q qq q q q qq qq q q q qq q q qq q q q qq q q q q q q q q q qq q q q q qq q q qqqq q q q qq q qq q q q q q qq qq q qq qq q q q qq q q qq q q q q qq qq q q q qqq q q q q qqq q qqq q q qq q q qq q qqq qq qq q q q qq q qq q q q q q q q qqq qq q qqq q qq q q q q q qqqq q q q q q q q q q q q q q q qq q q qq q q qq q q q q q qq q q q q qq q q q qq q q q q q q q qq qq q q q q qq q qqqq q q q q q q qq qq q q q q q q qq q qq q qq q q q q q q q qq q qq q q qq q q q q qq q q qq qqq q qqq q qq q qq q q q q q q q qqq q q q q q q q q qq q q q q q q q q q q q q q q q q q qq q q q q q q q q q q qq q q q q q q q q q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date SilverTotalReportsCapacityIndex SilverTotal Reports Capacity Index Based Upon a Moving 3 Year Window
- 5. qqq q qqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqq qqqqqq qqqqqqqqqqqq qqq q qq qqq q qqqqqqqqqq q qqq q q q q qq qqqqqqqqqq qqqqqqq qqqqqqqq qq qqqqqqqqqqqqqqqq qqq qq q q qqqq qqqq qq qq q qqqqq qqqqqqq qq qqq qqqqq qq qqq q qq qq qqqq q qqqq qq qq qqq qq q q q q qqq q qqq qq q q qq qq q q qq qqq q q q q q qq qq qqq q qqqq qqq qqq q q qqqqqq qqqqqqqq qq q qqqqq qq q q qqqq qqqq qqq q qqqqqq qq qqqq qqqqq qqq qqq qqqq qqqqq qqq qqqqqqqqqq qqqq qqqqqqqqqqqq qqqqqqqqqqqqq qq qqqqqqqq qq qq qqqq qqqqq qqqqqqqqqqqqqqq 10 20 30 40 2008 2010 2012 2014 2016 Date SilverFrontMonthPrice SilverFront Month Price q qq q qqqq q q q q q q qqq q q q q q qq q q q qq qq q qq q qq q qqq q q q qq q qq qqq q qq q qq q q qqq qqq qq qqq q qq q q q qq q q q q q q q q q qq q q q qqq qq qqqq q q q qq qqq qqq q q qq qqq qq qq q q q qq qq qqq q q q qq qq q q q qqq q q q q qqq q qqq q q qqq q qq q qqq qq qq q q q qq q qq q q q q q q q qqq qq q qqq q qq q q q q q qqqq q q q qq q q q q q q q q q qq q q qq q q qq q q q q q qq q q q q qq q q q qq q q q q q q q qq qq q q q q qq q qqqq q q q q q q qq qq qq q q q q qq q qq q qq q q q q q q q qq q qq q q qq q q q q qq q q qq qqq q qqq q qq q qq q q q q q q q qqq q q q q q q q q qq q q q q q q q q qq q qq q q q q qq q q q q q q q q q q qq qq q q q q qq q q q 0 5000 10000 15000 20000 2008 2010 2012 2014 2016 Date SilverNonReportContractsNet SilverNonReport Contracts q qq q q qqq q q q q q q qqq q q q q q qq q q q qq qq q qq q qq q qqq q q q qq q q q qq q q qq q qq q q q qq q q q q q qq q q qq q q q qq q q q q q q q q q qq q q q q qq q q q qqq q q q q q q qq q q q q q qq qq q qq qqq q q qq q q qq q q q q qq qq q q q qqq q q q q qqq q q qq q q qq q q qq q qqq qq qq q q q q q q qq q q q q q q q qqq qq q qqq q qq q q q q qqqqq q q q q q q q q q q qq q q qq q q qq q q qq q q q q q qq q q q q qq q q q qq q q q q q q q qq qq q q q q q q q qqqq q q q q q q qq qq q q q q q q qq q qq q qq q q q q q q q qq q qq q q qq q q q q qq q q qq qq q q qqq q qq q qq q q q q q q q q qq qq q q q q q q qq q q q q q q q q q q q q q q q q q qq q q q q q q q q q q qq q q q q q q q q q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date NonReportCapacityIndex SilverNonReport Capacity Index Based Upon a Moving 3 Year Window
- 6. Open_Int 30000 60000 0.93 0.60 10000 20000 0.81 0.80 70000 110000 0.61 0.99 100000 160000 1.00 0.41 10000 16000 0.36 120000 −0.75 30000 Spec_Lg 0.40 0.73 0.59 0.74 0.93 0.93 0.26 0.20 −0.72 Spec_Sht 0.28 0.76 −0.25 0.57 0.55 0.47 0.72 20000 −0.58 1000025000 Spec_Spd 0.50 0.61 0.81 0.83 0.31 0.076 −0.39 Comm_Lg 0.24 0.81 0.78 0.23 0.53 5000080000 −0.78 70000 Comm_Sht 0.63 0.66 0.0044 −0.32 −0.38 Tot_Lg 0.99 0.30 0.32 100000 −0.78 100000 Tot_Sht 0.38 0.27 −0.73 NonR_Lg 0.38 18000 −0.052 10000 NonR_Sht −0.45 120000 200000 20000 60000 50000 70000 100000 160000 18000 26000 16 20 1620 Settle Silver Correlation Matrix of Gross Contracts for the Past Two Years
- 7. Open_Int 16 20 −0.75 −0.17 0 20000 50000 0.15 −0.15 4000 10000 0.15 −0.12 0 40 80 0.15 −0.27 0 40 80 120000 −0.023 1620 Settle −0.042 −0.0089 −0.28 0.28 −0.10 −0.0089 −0.11 0.30 CommNet −0.98 0.32 −0.32 1.00 −0.98 0.41 −60000−10000 −0.20 030000 SpecNet −0.15 0.15 −0.98 1.00 −0.26 0.051 TotalNet −1.00 0.33 −0.15 0.90 −14000−4000 −0.86 400014000 NonRNet −0.33 0.15 −0.90 0.86 CommIndex −0.98 0.42 040100 −0.20 040100 SpecIndex −0.26 0.051 TotalIndex 2060 −0.80 120000 180000 04080 −60000 −20000 −14000 −6000 0 40 80 20 60 100 NonRIndex Silver Correlation Matrix of NET Contracts for the Past Two Years
- 8. q q q q q q q q q q q q q q q q q q q q q q q q q q14.5 15.0 15.5 16.0 16.5 Jun Jul Aug Sep Date Price Silver Future Price −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −10000 0 10000 20000 −60000 −40000 −20000 0 Commercial Net Position ChangeinContracts Silver Commercial Net Change −− Last 13 Consecutive Weeks q q q qq q q q q q q q q −20000 −10000 0 10000 0 10000 20000 30000 40000 50000 Speculator Net Position ChangeinContracts Silver Speculator Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −4000 −2000 0 2000 0 5000 10000 Non Report Net Position ChangeinContracts Silver Non Reports Net Change −− Last 13 Consecutive Weeks
- 9. qqqqqqqqqqqqqqqqqqqqqqqqq qqqqqq qqqqqqqqqqqq q q qqqq q qqqqqqqq qqqqq q q q q q q qqqq qqqqqqqqqq q q qq q q qqqqqqqq qqqqq q q qqqq qqqqqqqq q q qqq qqqqqqqqqqqqqq qqqqqqqqqq qqqqqqqqqqqqq qq q q q q q q q q q q qq qqq qqqq q q q q q q q q q q q q q q q q q q q qq q q qqq q q qq q q q q qqq qq qqqq qqq qq q q q q qqq q q q q q qqqqqqqqqqqq q q q q q q qqqq qqqqqq q qqqqqq q qqqqqq q q q q qq q q qqqqqqqqq q q q qqqqqqqq q qqqqqqqqqq q qqqqqqqqqqqqqqq qqqqqqqqqq q q q qq qqqqqqqq q qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq 10 20 30 40 2008 2010 2012 2014 2016 Date FuturePriceWeekEnding Silver 10 Week Forecast w/80/95 C.F. Based on Rolling 13 Week Linear Regression q qq qq q q q qqqqq q q q q q q qqqqqqq q q q q qq qqq q q q q qqqq q q q q qqqq q q q q q q q q qq qq q qq q q q qqq q qqq q qq q qqqq q q q q q q q qqqqqqqqqqqqq 8 12 16 20 2013−07 2014−01 2014−07 2015−01 2015−07 2016−01 Date FuturePriceWeekEnding Silver Zoom of Rolling 13 week Linear Regression Model
- 10. q q q q qq q q q q q q q q q q q q q q qqq q q q q q qqq q qqq q q q q q q q qqq q q q qq q q q qqq q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q qq q qq q q q q qqq 14 16 18 20 22 24 2013−07 2014−01 2014−07 2015−01 2015−07 Date $$WeekEnding Silver Actual Price versus ARIMA on 13 Week Moving Regression Line q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q −1e−06 −5e−07 0e+00 5e−07 Date SlopeofRegressionLine Silver Slope of Regressed Model Fit
- 11. 2.5 3.0 3.5 Copper Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13] q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q Last 2.462 Bollinger Bands (20,2) [Upper/Lower]: 3.007/2.156 Relative Strength Index (14): 42.605 20 30 40 50 60 Commodity Channel Index (20,0.015): −45.67 −200 −100 0 100 200 Volume (10,000s): 159,016 14 15 16 17 18 19 Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015
- 12. q qqqqqqq qqqqq q qq qq q q q q q q q q qqq qq q q q qqq q qqq qq q q q q qq q q qqqq qq q qq q qq q qq q qqq q qq qqq q q q qqqq q q q q qqq qqq qqqq qq qq q qq q q qq q q qq qq qq qq q qqqq q q q q qq qq qq q qqq qq q q q qqq q q q q qqqqqqqqq qq qqqq qq q qq qqqqq q q q q q qqqq qqqq q qqqq q qq q q q q q qq qqq q q q qq qqqq qqq q q qq q q q q qq qqqqq q qq q q q q q qq qqqqqq q qqqq q qq qq qq q q q q q q qq q qq q qqq q q qqq q qqqqqq qq q qq qq qq qq q q qqqqqqqq q qqqqqq q qqqq qqq qq qqqq qqq qqqqqqqq q qqqqqqq qqq qqqq qqq qqq qqqqqqqqqqqq qq qqqqq qqqq q q qqqqqqqqqqqq qq qq qq qqqqq qqqqqqqqqqqqqq qqqqqqq q qqqqq q qq qqqqq qqq qqqq qqq qq qqqqqqq q 2 3 4 2008 2010 2012 2014 2016 Date CopperFrontMonthPrice CopperFront Month Price qqqq q qqq q qqqqqqqqqqqqqqqqqq qq qqqqqq qqqqqqq qq qqq qqqq q q q q q q qq qq qqqqqqqqqqq q q q qq qqqqqq qq qq q qq q qqq q q qq q qqqqq q qqqqqqqqqqqqqqq qqqqq qqq qqqqqqqqqqqqqqq qqqq qq qq qq qqqq qq q q qqqqqq qqq qq q qq q qq qq qqq q qq qq q q q qqqqqqqqq q q qq q q q qq q qqqqq q q qq q qqqqqq qq qq qqq qq qq q qq q q qq qqqqq q qqqq q qqqqq qqq q q q qq qqqq qq qq qqq q qqqqqq q q qq qq q qq q qq q qq q qqqq q q q q qq q qq q qq qqq q q q qq qqqq qq q q qq q q qqqqqq qqq q q q qq qq q q q qq q q q q qq q q qq q q q q q q q q q qq q q q q q q q qq q qqq qq q qq q q q q q q q q qq q q q q q q q qqq q q qqqq qqqqq q qq qqqq q qq q q q qq q q qq q q q q qq q qq q qq q q q q −40000 −20000 0 20000 40000 2008 2010 2012 2014 2016 Date CopperCommercialContractsNet CopperCommercial Contracts qqqq q qqq q q q q qq q qqqqqqq qq qqq q q qqq qq q qq qqq q q qq qq q qq qq q q q q q q q q qq q q qqqqq q qq q q q q qq q q qqqq qq qq q qq q qq q q q qq q q qqqq q q qqq qqqqqqqqqqq qqqqq qq q q qq qqqqqqqqqqqq qqqq qq qq qq q qqq qq q q qqqqqq q qq qq q qq q qq qq qqq q qq qq q q q qqqqqqq qq q q q q q q q qq q qq qqq q q qq q qqqqqq qq qq qq q qq qq q qq q q qq qqq qq q q qqq q q qqq q q qq q q q qq qq q q qq qq qqq q qqqqqq q q qq qq q qq q qq q qq q qqqq q q q q qq q qq q qq qqq q q q qq qqqq qq q q qq q q q qqq q q qq q q q q q q qq q q q qq q q q q qq q q qq q q q q q q q q q qq q q q q q q q qq q qqq qq q qqq q q q q q q q qq q q q q q q q qqq q q qqqq q qqq q q q q qq qq q qq q q q qq q q qq q q q q qq q qq q qq q q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date CopperCommercialCapacityIndex CopperCommercial Capacity Index Based Upon a Moving 3 Year Window
- 13. q qqqqqqq qqqqq q qq qq q q q q q q q q qqq qq q q q qqq q qqq qq q q q q qq q q qqqq qq q qq q qq q qq q qqq q qq qqq q q q qqqq q q q q qqq qqq qqqq qq qq q qq q q qq q q qq qq qq qq q qqqq q q q q qq qq qq q qqq qq q q q qqq q q q q qqqqqqqqq qq qqqq qq q qq qqqqq q q q q q qqqq qqqq q qqqq q qq q q q q q qq qqq q q q qq qqqq qqq q q qq q q q q qq qqqqq q qq q q q q q qq qqqqqq q qqqq q qq qq qq q q q q q q qq q qq q qqq q q qqq q qqqqqq qq q qq qq qq qq q q qqqqqqqq q qqqqqq q qqqq qqq qq qqqq qqq qqqqqqqq q qqqqqqq qqq qqqq qqq qqq qqqqqqqqqqqq qq qqqqq qqqq q q qqqqqqqqqqqq qq qq qq qqqqq qqqqqqqqqqqqqq qqqqqqq q qqqqq q qq qqqqq qqq qqqq qqq qq qqqqqqq q 2 3 4 2008 2010 2012 2014 2016 Date CopperFrontMonthPrice CopperFront Month Price qqq qq qqq q qqqqqqqqqqqqqqqqqq qq qqqqqq qqqqqqq qqqqqqqqqq qq q q q qq qqqqqqqqq qqq q q q q qq qq qqqq qq qqq qq q qqq q q q qq qqqqq q q qqqqqqqqqqqqqq q qqqq qq q qqqqqqqqqqqqqqq qqqq qq qq qq qqqq qq q q qqqqqqq qq q q q qq q qqqq qqq qqq qq q q q qq qqqqq qq qq q q q qqqq q qq qqq q q qq q qqqqqq qq qq q q qqq q q q qq q q qq qqqqq q qqqq q q qqqq qqq q q qqq qqqqqq qq q qq q qqqq q q q qqqqq q qq qqq q q q q qq qq q qq qq q q qq q qq qqq q q q qq qq qq qq q q qq q q qq qq qq qq q q q q qq qq q q q qq q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q q q q q q q q qqq q q qqq q qq q q q q qq qqq q q qq q q q q q q q qq q q q q qq q qq q qq q q q q −40000 −20000 0 20000 2008 2010 2012 2014 2016 Date CopperSpeculatorContractsNet CopperSpeculator Contracts q q q qq qq q q q qqqq q qqq qqqq qq qq q qq q qqqqq qq qqqqq qq qqqqq qq q q q q q q qq qq qqqqqqq qqq q q q q qq qq qqqq qq qq q qq q qq q q q q qq q qqqq q q qqqqqqqqqqqqqq q qqqq qq q qqqqqqqqqqqqqqq qqqq qq qq qq qqqq qq q q qqqq qqq q q q q q qq q qq qq qqq qqq qq q q q qq qqqqq qq qq q q q qqqq q qq qqq q q qq q q qqq qq qq qq q q qqq q q q qq q q q q qqqqq q qqqq q q qqqqq q q q q qqq qqqqqq qq q qq q qqqq q q q qqqqq q qq qqq q q q q qq qq q qq qq q q qqq qq qqq q q q qq qq qq q q q q qq q q qq qq q q qq q q q q q q qq q q q qq q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q q q q q q q q qqq q q qqq q qq q q q q qq qqq q q qq q q q q q q q qq q q q q q q q qq q qq q q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date CopperSpeculatorCapacityIndex CopperSpeculator Capacity Index Based Upon a Moving 3 Year Window
- 14. q qqqqqqq qqqqq q qq qq q q q q q q q q qqq qq q q q qqq q qqq qq q q q q qq q q qqqq qq q qq q qq q qq q qqq q qq qqq q q q qqqq q q q q qqq qqq qqqq qq qq q qq q q qq q q qq qq qq qq q qqqq q q q q qq qq qq q qqq qq q q q qqq q q q q qqqqqqqqq qq qqqq qq q qq qqqqq q q q q q qqqq qqqq q qqqq q qq q q q q q qq qqq q q q qq qqqq qqq q q qq q q q q qq qqqqq q qq q q q q q qq qqqqqq q qqqq q qq qq qq q q q q q q qq q qq q qqq q q qqq q qqqqqq qq q qq qq qq qq q q qqqqqqqq q qqqqqq q qqqq qqq qq qqqq qqq qqqqqqqq q qqqqqqq qqq qqqq qqq qqq qqqqqqqqqqqq qq qqqqq qqqq q q qqqqqqqqqqqq qq qq qq qqqqq qqqqqqqqqqqqqq qqqqqqq q qqqqq q qq qqqqq qqq qqqq qqq qq qqqqqqq q 2 3 4 2008 2010 2012 2014 2016 Date CopperFrontMonthPrice CopperFront Month Price q q q q q qqqq q q q q qqqqqq qq qqq q q q q q q qq q q q q qq qq q qq q q q q qqqq q q qqqqq qq q q q qq qq q q qqqqq q q qq qqqqq qqqq qq qq q qq q q qq q qqq q q q qq qq q qqq qqq qq q q q qqq qqqq q qq qq qqqq q q q q q q q q qq qqqqq qq q q q qq q q q q q qq q qqqqq q q qq q q q q qqq q q qqqq q qq q q qqq qq q q q qq q q q q qq q qqq q q q qq q q qqq q qqqq q q qq q qq q q q q q q q q q q q q q q q q q q q qq q qqq q q q qq qq q q qq qqq q qq qq q q q q q q q q q q qqq q q q qq q q q q q qq q qq q q qq q q q q q q q qq q q q qq q q q q q q q q q q q q q q qq qqq q q q q qqq qqq q qq q qqq q q q q qqq q qq qq q q q q q q q q q q q q q q q qq qqq qqq q qq qq qqq qq q q qq qq q q qq qqqq q q q q q q qq q q q q q q q q q qq q q q q q qqq q q qq qq qq q q q qq q q q −5000 0 5000 10000 2008 2010 2012 2014 2016 Date CopperTotalReportsContractsNet CopperTotal Reports Contracts q q q q q qqqq q q q q q qqqq q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q q q q q q qq q q q qq qq q q qqqqq q q qq qq q qq qq q q qq qq q qq q q qq q qq q q q q q q qq q qq q q qq qq q q q qq q q qq q q q q qq qq qq q q q qq q q q q q qq qq q q q q q q qq q q q q q qq q qqq qq q q qq q q q q q qq q q qqq q q qq q q qqq qq q q q qq q q q q qq q qqq q q q qq q q qqq q qqqq q q qq q qq q q q q q q q q q q q q q q q q q q q qq q qqq q q qqq qq q q qq qqq q qq qq q q q q q q q q q q qqq q q q qqq q qq q qq q qq q q qq q q q q q q q qq q q q qq q q q q q q q q q q q q q q qq qqq q q q q qqq qqq q qq q qqq q q q q qqq q qq qq q q q q q q q q q q q q q q q qqqqq qqq q qqqq qqq qq q q q q qq q q qq qqqq q q q q q q q q q q q q q q q q q qq q q q q q qqq q q qq qq qq q q q qq q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date CopperTotalReportsCapacityIndex CopperTotal Reports Capacity Index Based Upon a Moving 3 Year Window
- 15. q qqqqqqq qqqqq q qq qq q q q q q q q q qqq qq q q q qqq q qqq qq q q q q qq q q qqqq qq q qq q qq q qq q qqq q qq qqq q q q qqqq q q q q qqq qqq qqqq qq qq q qq q q qq q q qq qq qq qq q qqqq q q q q qq qq qq q qqq qq q q q qqq q q q q qqqqqqqqq qq qqqq qq q qq qqqqq q q q q q qqqq qqqq q qqqq q qq q q q q q qq qqq q q q qq qqqq qqq q q qq q q q q qq qqqqq q qq q q q q q qq qqqqqq q qqqq q qq qq qq q q q q q q qq q qq q qqq q q qqq q qqqqqq qq q qq qq qq qq q q qqqqqqqq q qqqqqq q qqqq qqq qq qqqq qqq qqqqqqqq q qqqqqqq qqq qqqq qqq qqq qqqqqqqqqqqq qq qqqqq qqqq q q qqqqqqqqqqqq qq qq qq qqqqq qqqqqqqqqqqqqq qqqqqqq q qqqqq q qq qqqqq qqq qqqq qqq qq qqqqqqq q 2 3 4 2008 2010 2012 2014 2016 Date CopperFrontMonthPrice CopperFront Month Price q q q q q qqqq q q q q qqqqqq qq qqq q q q q q q qq q q q q qq qq q qq q q q q qqqq q q qqqqq qq q q q qq qq q q qqqqq q q qq qqqqq qqqq qq qq q qq q q qq q qqq q q q qq qq q qqq qqq qq q q q qqq qqqq q qq qq qqqq q q q q q q q q qq qqqqq qq q q q qq q q q q q qq q qqqqq q q qq q q q q qqq q q qqqq q qq q q qqq qq q q q qq q q q q qq q qqq q q q qq q q qqq q qqqq q q qq q qq q q q q q q q q q q q q q q q q q q q qq q qqq q q q qq qq q q qq qqq q qq qq q q q q q q q q q q qqq q q q qq q q q q q qq q qq q q qq q q q q q q q qq q q q qq q q q q q q q q q q q q q q qq qqq q q q q qqq qqq q qq q qqq q q q q qqq q qq qq q q q q q q q q q q q q q q q qq qqq qqq q qq qq qqq qq q q qq qq q q qq qqqq q q q q q q qq q q q q q q q q q qq q q q q q qqq q q qq qq qq q q q qq q q q −10000 −5000 0 5000 2008 2010 2012 2014 2016 Date CopperNonReportContractsNet CopperNonReport Contracts q q q q q qqqq q q q q q qqqq q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q q q q q q qq q q q qq qq q q qq qqq q q qq qq q qq qq q q qq qq q qq q q qq q qq q q q q q q qq q qq q q qq qq q q q qq q q qq q q q q qq q q q q q q q qq q q q q q q q qq q q q q q q qq q q q q q qq q qq q q q q q qq q q q q q q q q q qqq q q qq q q qqq qq q q q qq q q q q qqqqqq q q q qq q q qqq q qqq q q q q q q q q qq q q q q q q q q q q q q q q q q q qq q qq q q q qqq qq q q qq qqq q qq qq q q q q q q q q q q qqq q q q qqq q q q q qq q qq q q qq q q q q q q q qq q qq qq q q q qq q q q q q q q q q qq qqq q q q q qqq qqq q qq q qqq q q q q qqq q qq qq q q q q q q q q q q q q q q q qqqq q qqq q qqqq qqq qq q q q q qq q q qq qqqq q q q q q q q q q q q q q q q q q qq q q q q q qqq q q qq qq qq q q q qq q q q 0 25 50 75 2008 2010 2012 2014 2016 Date NonReportCapacityIndex CopperNonReport Capacity Index Based Upon a Moving 3 Year Window
- 16. Open_Int 40000 70000 0.57 0.63 10000 25000 0.64 0.48 40000 70000 −0.02 0.98 120000 160000 0.98 0.049 16000 24000 0.24 140000 −0.51 40000 Spec_Lg 0.26 0.058 −0.32 0.31 0.55 0.63 0.071 −0.22 −0.27 Spec_Sht 0.37 0.56 −0.74 0.70 0.56 −0.37 0.42 4000090000 −0.75 10000 Spec_Spd 0.29 −0.21 0.66 0.66 −0.12 0.006 −0.43 Comm_Lg −0.40 0.52 0.37 −0.23 0.58 70000100000 −0.32 40000 Comm_Sht −0.12 0.068 0.49 −0.43 0.54 Tot_Lg 0.97 −0.15 0.21 130000 −0.59 120000 Tot_Sht 0.012 0.044 −0.51 NonR_Lg 0.19 1000022000 0.43 1600026000 NonR_Sht −0.077 140000 190000 40000 80000 70000 90000 130000 170000 10000 18000 2.4 3.0 2.43.2 Settle Copper Correlation Matrix of Gross Contracts for the Past Two Years
- 17. Open_Int 2.4 2.8 3.2 −0.51 0.24 −40000 0 −0.24 0.16 −12000 −4000 −0.16 0.19 0 40 80 −0.24 −0.084 0 40 80 140000 0.20 2.43.0 Settle −0.54 0.55 −0.39 0.39 −0.43 0.53 0.087 −0.28 CommNet −0.99 0.82 −0.82 0.98 −0.99 0.60 −1000050000 −0.43 −400000 SpecNet −0.74 0.74 −0.98 1.00 −0.52 0.37 TotalNet −1.00 0.80 −0.74 0.82 200012000 −0.61 −12000 NonRNet −0.80 0.74 −0.82 0.61 CommIndex −0.98 0.68 2080 −0.55 040100 SpecIndex −0.53 0.39 TotalIndex 2080 −0.91 140000 180000 040 −10000 30000 2000 8000 20 60 100 20 60 100 NonRIndex Copper Correlation Matrix of NET Contracts for the Past Two Years
- 18. q q q q q q q q q q q q q q q q q q q q q q q q q q 2.4 2.5 2.6 Jul 01 Jul 15 Aug 01 Aug 15 Sep 01 Sep 15 Date Price Copper Future Price −− Last 13 Consecutive Weeks q q q q q q q q q qqq q −5000 0 5000 0 10000 20000 30000 40000 Commercial Net Position ChangeinContracts Copper Commercial Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −8000 −4000 0 4000 −30000 −20000 −10000 0 Speculator Net Position ChangeinContracts Copper Speculator Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −3000 −2000 −1000 0 1000 2000 −8000 −6000 −4000 −2000 0 Non Report Net Position ChangeinContracts Copper Non Reports Net Change −− Last 13 Consecutive Weeks
- 19. q q q q q q qq q qq q q q q q q q q q qqq qq q q qqqq qqq qqq qqqq q qq qq q q q q q qqqq q q q q q q q q q qqq q qqq q qqq qq qqq qqqqq q qq q q q q q q q q q q q q q q qqqq q q qqq q qqq qq qq q q q q q qqqqqqqqqq q q q q q q q qqqq qqqqqqq q q qqq qq qqq q q qqq qqqq q q q qq q q q q q q qqqqq q q q q q q qqq q q q qqq qqqqqq q q q q qqq q qqqq qqqqqqq q q qqqq qqqq q q q q q q qqq q q q q q qq qqqq q qq qqqq q q q qqq qqqqq q qqqq q q q qqqqqqqqqqqqqq q q q qqqq q q q qqqqqq qqqqqqq q qqq q q q q q qqqqqqqqqqqqqq q q qqqqqqqqqqqqqqqqqq qqqqqqqqqq q q qqqqqqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q q qqqqqqq q q q qq qqqqqqq qqq q q q qqqqqqqqqqqqqqqqq 2 3 4 2008 2010 2012 2014 2016 Date FuturePriceWeekEnding Copper 10 Week Forecast w/80/95 C.F. Based on Rolling 13 Week Linear Regression q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q 2.0 2.5 3.0 2014−01 2014−07 2015−01 2015−07 Date FuturePriceWeekEnding Copper Zoom of Rolling 13 week Linear Regression Model
- 20. q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q 2.25 2.50 2.75 3.00 3.25 3.50 2014−01 2014−07 2015−01 2015−07 Date $$WeekEnding Copper Actual Price versus ARIMA on 13 Week Moving Regression Line q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q −8e−08 −4e−08 0e+00 4e−08 Date SlopeofRegressionLine Copper Slope of Regressed Model Fit
- 21. 1100 1200 1300 1400 1500 1600 1700 Gold Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13] q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q Last 1103.3 Bollinger Bands (20,2) [Upper/Lower]: 1233.706/1073.311 Relative Strength Index (14): 39.692 20 30 40 50 60 Commodity Channel Index (20,0.015): −94.32 −300 −200 −100 0 100 200 300 Volume (10,000s): 421,732 36 38 40 42 44 46 Jan 06 2013 Jul 07 2013 Jan 05 2014 Jul 06 2014 Jan 04 2015 Jun 28 2015
- 22. qqqqqqq qqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q q qqqq qq qqqqqq q qqq qqqqqqqqqq qqqq qqqqqq q q qq q q qq qq q qqqq qq q qq qqqq qqqq q qqqq qqqq qqqqqqqqqqqqqqqqqqq qqqqq qqqq qqqqq qqqq qq qqq q qqq qqqq qqqqqq q qqqqq qqqqqqqqqqqqqqqq q q q qqq qqqq q qqqqqqqqqqqqq qqq q qqqqqqq qq q qqqq q q q qq q qqq q q qq q q q q q qq q qq q qqqq q qq qqqqqqq qqq qq q q qqqq qqqq qq q qqqqq qq q qq q qqq qqqqqqqq q qqqqqqq q q qqq qqqqq q qq qqqqq qqqq qqqq q q q qqq qqqqqqqqqqqq qqqq q q qqqqqqqqq qqq qqqqqqqqqqqq qqqqqqq qqqqqq qqqqq qqq qqqq qq qqqqqqq qqqqqqqqqq qqqq qqqq 600 900 1200 1500 1800 2008 2010 2012 2014 2016 Date GoldFrontMonthPrice GoldFront Month Price q qqq qqq q q qqqqq qq q q q q q q qq q qqq q q q qqqq q qq q q q qq q q q q qq qq q q q qq q q q qq q qqqqq q q qqqqqq qq qqq q qq qq qqq qq q qqq qq q q q q q q q q q q qq qq q q qqq qqq q q qqqq q q qqqq qqqq qqqqq q q q qq q qqq q qq qq qqq q qq qq qq qqqq qq qq qqqq q qq qq q qq q q q q qqqq qq qqqq qq qq q qq q q q qqqq qqqq qq q qqqq q qqq q q qq q q q qq qq q qq q q q q q q qq q q qq q q qq qq q q q q q qqq q q q qq qqq q qqqqqq q q q q q q q q q qq q q q qqq qqq q q qq q q qq q q q q q qqq q q q q q q q qq q qq qq q qq q qqq q qq qqq q qqqq qqq q q qqq q q qqq qq q qqq q q q q q q q qqqqqq qqq qqq q qqq q q q q qqq qqq q qq q q qq qq q q q q q qq q qqq q qq qq qq q qq qq q q q qq q qq q q qq qqqq qq q qq qq q q qq qqq qq qq q −3e+05 −2e+05 −1e+05 0e+00 2008 2010 2012 2014 2016 Date GoldCommercialContractsNet GoldCommercial Contracts q q qq qqq q q qqqqq qq q q q q q q qq q q qq q q q qq q q q qq q q q q q q q q q qq q q q q q qq q q q qq q qqq qq q q qq qqqq qq q q q q qqqq qqq qq q qqq qq q q q q q q q q q q qq qq q q qqq qqq q q qq qq q q q qqq qqqq qqqqq q q q qq q qqq q qq qq qqq q qq qq qq qqqq qq qq qqqq q qq qq q qq q q q q qq qq qq qqqq qq qq q q q q q q qq qq qqq q qq q qq q q q q qq q q qq q q q qq qq q qq q q q q q q q q q q q q q q qq qq q q q q q qqq q q q q qqq q q qqqqqq q q q q q qq q q q qq q q qqq qqq q q qq q q qq q q q q q qqq q q q q q q q qq q qq qq q q q q qqq q qq qqq q qqqq qqq q q qqq q q qqq qq q qqq q q q q q q q qqqqqq qqq qqq q qqq q q q q qqq q qq q qq q q qq qq q q q q q qq q qqq q q q qq qq q qq q q q q q qq q q q q q qq qqqq qq q qq qq q q qq q qq qq q q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date GoldCommercialCapacityIndex GoldCommercial Capacity Index Based Upon a Moving 3 Year Window
- 23. qqqqqqq qqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q q qqqq qq qqqqqq q qqq qqqqqqqqqq qqqq qqqqqq q q qq q q qq qq q qqqq qq q qq qqqq qqqq q qqqq qqqq qqqqqqqqqqqqqqqqqqq qqqqq qqqq qqqqq qqqq qq qqq q qqq qqqq qqqqqq q qqqqq qqqqqqqqqqqqqqqq q q q qqq qqqq q qqqqqqqqqqqqq qqq q qqqqqqq qq q qqqq q q q qq q qqq q q qq q q q q q qq q qq q qqqq q qq qqqqqqq qqq qq q q qqqq qqqq qq q qqqqq qq q qq q qqq qqqqqqqq q qqqqqqq q q qqq qqqqq q qq qqqqq qqqq qqqq q q q qqq qqqqqqqqqqqq qqqq q q qqqqqqqqq qqq qqqqqqqqqqqq qqqqqqq qqqqqq qqqqq qqq qqqq qq qqqqqqq qqqqqqqqqq qqqq qqqq 600 900 1200 1500 1800 2008 2010 2012 2014 2016 Date GoldFrontMonthPrice GoldFront Month Price qqqqqqq q q qqqqq qq q q q q q q qq q qqqqq q qqqq q qq q qq qqq q q q qq q q q q q qq q q q qq q qq qqq q qqqqqqqqq qqq q qqqqqqq q q q qqq qq q q q q q q q q q q qqqq q q qqq qqq q qq qqq q q qqqq qqqq qqqqq q q q qq q qqqq qq qq qqq q qqq q qq qqqq qqqq q qqq q qq q q qqq q q q q q q qqqqqqqq qq qq q qqq q q qqqq qqqq q q q qqqq q q q q q qq q qq q qq qq q qq q q q q q q qqq q q q q q q q qq q q q q q qqq qq q qqqqq q qqqqqq qq q q q q q q q qq qq q qqq qqq q q qq q q qq q q q q q qqq q q q q q q q qqq qqqqq q q q q q qq qq qq q q q qqq qqq q q qqq qq qqq qq q q qq q q q q q q q qqqqqqqqq qqq q qqq q q q q qqq qqq q qq q q qq qqq q q q q qq q qqq q q q q q qq q qq qqq q q qq q qq q q qq qqqq qq q qq qq q q qq qqqq q qq q 0e+00 1e+05 2e+05 2008 2010 2012 2014 2016 Date GoldSpeculatorContractsNet GoldSpeculator Contracts q q qq qq q q q qqqqq qq q q q q q q q q q q qqqq q qqq q q qq q q q qq q q q q qq q q q q q qq q q q qq q qq qqq q q q q qqqq qq q q q q qqqq qqq qq q qqq qq q q q q q q q q q q qqqq q q qqq qqq q qq qqq q q qqqq qqqq qqqqq q q q qq q qqqq qq qq qqq q qqq q qq qqqq qqqq q qqq q qq q q q qq q q q q q q qqq qqqqq q q qq q qq q q q qq qq qqq q q q q qq q q q q q q q qq q q q q q q qq q qq q q q q q q q q q q q q q q q q qq q q q q q q qq q q q qq qqqq qqqqqq qq q q q q q q q q qqq q qqq qqq q q qq q q qq q q q q q qqq q q q q q q q qqq qqqqq q q q q q q q qq qq q q q qqq qqq q q qq q qq qq q qq q q qq q q q q q q q qqqqqq qqq qq q q qqq q q q q qqq q qq q qq q q qq qq q q q q q qq q qqq q q q q q qq q qq qqq q q qq q q q q q qq qqqq qq q qq qq q q qq qq qq q qq q 0 25 50 75 100 2008 2010 2012 2014 2016 Date GoldSpeculatorCapacityIndex GoldSpeculator Capacity Index Based Upon a Moving 3 Year Window
- 24. qqqqqqq qqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q q qqqq qq qqqqqq q qqq qqqqqqqqqq qqqq qqqqqq q q qq q q qq qq q qqqq qq q qq qqqq qqqq q qqqq qqqq qqqqqqqqqqqqqqqqqqq qqqqq qqqq qqqqq qqqq qq qqq q qqq qqqq qqqqqq q qqqqq qqqqqqqqqqqqqqqq q q q qqq qqqq q qqqqqqqqqqqqq qqq q qqqqqqq qq q qqqq q q q qq q qqq q q qq q q q q q qq q qq q qqqq q qq qqqqqqq qqq qq q q qqqq qqqq qq q qqqqq qq q qq q qqq qqqqqqqq q qqqqqqq q q qqq qqqqq q qq qqqqq qqqq qqqq q q q qqq qqqqqqqqqqqq qqqq q q qqqqqqqqq qqq qqqqqqqqqqqq qqqqqqq qqqqqq qqqqq qqq qqqq qq qqqqqqq qqqqqqqqqq qqqq qqqq 600 900 1200 1500 1800 2008 2010 2012 2014 2016 Date GoldFrontMonthPrice GoldFront Month Price q qqq qq q q qqq qq q q qq qq qq q q q q qqq q q qqq qq q q q q q q q q qq q qqq qq q qqq qqqqqq qq q qqq qq q qqqqq q qq qq qq q qq qq q q q qqqq qq qq q q q qqq qq q q qq q qq qq qqq qq qqqq q q q qqqq q q qqq q q qqq q q q q q q q q qq qq qq q q qq qqq q qq qq q q q qqq q qq q q qq q qqqq q qq q qq qq q q q qq q q q qq q q q q qqqq q q qqq qqq qq qq qq q q q q qq q qq q q q q qqq qq q q q qq q q qq q q q q q q q q qq q q q qq q qq q q q q q q q q q qqq qq q q q q q q qqq q q q qq qqq q q q q q qqq q q q q qq q qq qq q q q q qq q q q q q q q q q q q qqqq q q q qqq q qqqqqqqqqq q q qq q q q q qq q q qq qqqq q qqqq qqqq qq qqqq qq qq qq qqqq qq qq q qqqq qq q qq q qq q qq q qq qq q q qq q q q q q qqq q q qqq q q q qqq qq q qqq q qq qq q q q q q q qq −60000 −40000 −20000 0 2008 2010 2012 2014 2016 Date GoldTotalReportsContractsNet GoldTotal Reports Contracts q qq q q q q q q qq q q q q qq qq q q q q q q qq q q q qqq qq q q q q q q q q q q q qqq q q q qqq qqqqq q q q q q qq q q q qqq qq q q q q q qq q qq q q q q q qqqq qq qq q q q qq q qq q q qq q qq qq qq q q q qq qq q q q qqqq q q q q q q q q qq q q q q q q q q qq q q qq q q q q q qq q qq qq q q q qqq q qq q q qq q qq q q q qq q qq qq q q q q q q q q qq q q q q q qqq q q q qq q q q qq q q q q q q q q qq q q q q q q q q qq qq q q q qq q q q q q q q q q q q q q q q q q q q q qq q q q q q q q q q qqq qq q q q q q q qqq q q q qq qqq q q q q q qqq q q q q qq q qq qq q q q q qq q q q q q q q q q q q qqqq q q q qqqq qqqqqqqqqq q q qqq q q qqq q q qq qqqqq qqqqqqq qqq qqqq qq qq qq qqqq qqq q q qqqq q q q qq q q q q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q qq q q q q q q q q q q q qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date GoldTotalReportsCapacityIndex GoldTotal Reports Capacity Index Based Upon a Moving 3 Year Window
- 25. qqqqqqq qqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q q qqqq qq qqqqqq q qqq qqqqqqqqqq qqqq qqqqqq q q qq q q qq qq q qqqq qq q qq qqqq qqqq q qqqq qqqq qqqqqqqqqqqqqqqqqqq qqqqq qqqq qqqqq qqqq qq qqq q qqq qqqq qqqqqq q qqqqq qqqqqqqqqqqqqqqq q q q qqq qqqq q qqqqqqqqqqqqq qqq q qqqqqqq qq q qqqq q q q qq q qqq q q qq q q q q q qq q qq q qqqq q qq qqqqqqq qqq qq q q qqqq qqqq qq q qqqqq qq q qq q qqq qqqqqqqq q qqqqqqq q q qqq qqqqq q qq qqqqq qqqq qqqq q q q qqq qqqqqqqqqqqq qqqq q q qqqqqqqqq qqq qqqqqqqqqqqq qqqqqqq qqqqqq qqqqq qqq qqqq qq qqqqqqq qqqqqqqqqq qqqq qqqq 600 900 1200 1500 1800 2008 2010 2012 2014 2016 Date GoldFrontMonthPrice GoldFront Month Price q qqq qq q q qqq qq q q qq qq qq q q q q qqq q q qqq qq q q q q q q q q qq q qqq qq q qqq qqqqqq qq q qqq qq q qqqqq q qq qq qq q qq qq q q q qqqq qq qq q q q qqq qq q q qq q qq qq qqq qq qqqq q q q qqqq q q qqq q q qqq q q q q q q q q qq qq qq q q qq qqq q qq qq q q q qqq q qq q q qq q qqqq q qq q qq qq q q q qq q q q qq q q q q qqqq q q qqq qqq qq qq qq q q q q qq q qq q q q q qqq qq q q q qq q q qq q q q q q q q q qq q q q qq q qq q q q q q q q q q qqq qq q q q q q q qqq q q q qq qqq q q q q q qqq q q q q qq q qq qq q q q q qq q q q q q q q q q q q qqqq q q q qqq q qqqqqqqqqq q q qq q q q q qq q q qq qqqq q qqqq qqqq qq qqqq qq qq qq qqqq qq qq q qqqq qq q qq q qq q qq q qq qq q q qq q q q q q qqq q q qqq q q q qqq qq q qqq q qq qq q q q q q q qq 0 20000 40000 60000 2008 2010 2012 2014 2016 Date GoldNonReportContractsNet GoldNonReport Contracts q qq q q q q q q qq q q q q qq qq q q q q q q q q q q q qq q qq q q q q q q q q q q q qqq q q q qqq qqqqq q q q q q qq q qq qqq qq q q q q q qqq qq q q q q q qqqq qq qq q q q qq q qq q q qq q qq qq qq q q q qq qq q q q qqqq q q q q q q q q qq q q q q q q q q q q q q qq q q q q q qq q qq qq q q q qqq q qq q q qq q q q q q q qq q qq q q q q q q q q q q q q q q q qq qqq q q qqq q qq qq q q q q q q q q qq q q q q q q q q qq qq q q q qq q q q q q q q q q q q q q q q q q qq q qq q q q q q q q q q qqq qq q q q q q q qqq q q q qq qqq q q q q q qqq q q q q qq q qq qq q q q q qq q q q q q q q q q q q qqqq q q q qqqq qqqqqqqqqq q q qqq q q qqq q q qq qqqqq qqqqqqqqqq qqqq qq qq qq q qqq qqq q q qqqq q q q qq q q q q q q q q q q q q q q q q q q q q q qq q q q qq q q q q q q q q q q qq q q q q q q q q q q q qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date NonReportCapacityIndex GoldNonReport Capacity Index Based Upon a Moving 3 Year Window
- 26. Open_Int 140000 220000 0.50 0.55 20000 50000 0.78 0.21 200000 300000 −0.048 0.99 340000 420000 0.98 −0.06 30000 45000 0.36 360000 −0.51 140000 Spec_Lg −0.034 0.49 −0.71 0.29 0.48 0.55 0.11 −0.10 −0.31 Spec_Sht 0.51 0.46 −0.84 0.61 0.42 −0.55 0.76 40000160000 −0.74 20000 Spec_Spd −0.095 −0.27 0.79 0.75 −0.24 0.31 −0.68 Comm_Lg −0.31 0.24 0.14 −0.20 0.42 120000 0.011 200000 Comm_Sht −0.13 0.10 0.67 −0.73 0.65 Tot_Lg 0.96 −0.19 0.43 320000 −0.57 340000 Tot_Sht 0.046 0.18 −0.42 NonR_Lg −0.53 32000 0.50 30000 NonR_Sht −0.59 360000 440000 40000 120000 120000 180000 320000 400000 32000 42000 1100 1250 11001350 Settle Gold Correlation Matrix of Gross Contracts for the Past Two Years
- 27. Open_Int 1100 1250 −0.51 0.15 50000 150000 −0.12 0.27 −15000 0 15000 −0.27 0.086 0 40 80 −0.13 −0.12 0 40 80 360000460000 0.24 11001350 Settle −0.44 0.38 −0.63 0.63 −0.30 0.36 0.054 −0.18 CommNet −0.99 0.75 −0.75 0.98 −0.99 0.74 −200000 −0.64 50000 SpecNet −0.67 0.67 −0.98 1.00 −0.72 0.62 TotalNet −1.00 0.68 −0.65 0.62 −1500015000 −0.54 −1500015000 NonRNet −0.68 0.65 −0.62 0.54 CommIndex −0.99 0.81 040100 −0.72 040100 SpecIndex −0.73 0.63 TotalIndex 040100 −0.98 360000 440000 040100 −200000 −50000 −15000 0 15000 0 40 80 0 40 80 NonRIndex Gold Correlation Matrix of NET Contracts for the Past Two Years
- 28. q q q q q q q q q q q q q q q q q q q q q q q q q q1110 1140 1170 1200 Jul 01 Jul 15 Aug 01 Aug 15 Sep 01 Sep 15 Date Price Gold Future Price −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −20000 0 20000 −100000 −75000 −50000 −25000 0 Commercial Net Position ChangeinContracts Gold Commercial Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −30000 −20000 −10000 0 10000 20000 30000 0 25000 50000 75000 Speculator Net Position ChangeinContracts Gold Speculator Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −8000 −4000 0 4000 −15000 −10000 −5000 0 5000 Non Report Net Position ChangeinContracts Gold Non Reports Net Change −− Last 13 Consecutive Weeks
- 29. qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq q qqqqqqqqq qq qq qq q qqqqqqqqq qqqqqqqqqq qqqq q q q q q qqqqqq qqq qqqqq q q q qqq qqq qqqqqqq q qqqqq q qqqqqqqqqqqqqqqqqqqqqqq q q q q qqqqqqqq q qqqqqqqqq qqqqq qqqqqqqqqqqqqqqqqq q q q q qqq qqqqqqqqqqqqqqqqq qqqqq q qq qqqqqqqqq qqq q q q q q q q q q q q q q qqqqqq q qq q q qqq q q q q q qq qq q q qqq qq qqqqqqqqqqqqqq q q q q q qqqq qq qqqqqqqqqqqqqqqqqqqqq q q qqq q q qqq q q qqqqqq q q q qqqq q qqqq qqqqqqqqqqqqqq q q q q qqqqqqqqqqqqqqqqqqqqqqqqqq q qq qqqqqqqqqqqqqqq q qqqqqq q qqqqqqqqqqqqqqqqqq q qqqqqqqqqqqqqqqqq 900 1200 1500 1800 2008 2010 2012 2014 2016 Date FuturePriceWeekEnding Gold 10 Week Forecast w/80/95 C.F. Based on Rolling 13 Week Linear Regression q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q 900 1000 1100 1200 1300 2014−01 2014−07 2015−01 2015−07 Date FuturePriceWeekEnding Gold Zoom of Rolling 13 week Linear Regression Model
- 30. q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q 1100 1200 1300 1400 2014−01 2014−07 2015−01 2015−07 Date $$WeekEnding Gold Actual Price versus ARIMA on 13 Week Moving Regression Line q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q −2e−05 −1e−05 0e+00 1e−05 2e−05 Date SlopeofRegressionLine Gold Slope of Regressed Model Fit
- 31. 550 600 650 700 750 800 850 900 Palladium Weekly with Parabolic Stop & Reversal (white) [2013−03−03/2015−09−13] q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q Last 590.5 Bollinger Bands (20,2) [Upper/Lower]: 913.225/589.311 Relative Strength Index (14): 28.747 30 40 50 60 70 Commodity Channel Index (20,0.015): −170.11 −300 −200 −100 0 100 200 300 Volume (1000s): 27,515 30 35 40 45 Mar 03 2013 Jun 02 2013 Sep 01 2013 Mar 02 2014 Jun 01 2014 Jul 27 2014 Nov 30 2014 Mar 01 2015 May 24 2015 Aug 30 2015
- 32. qqqqqqqqqqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqq q qq q q q q qqq qqq q qqq qq q qqqq q qq q qqq q qq q q q qqq qqqqq q qqqqqq q qqqqqqqqqqqqqqqqq qqqqq qqqqq qq q qq qqqq q q q qq qq qq q qq q q q q q q q q q qq q q qq q q q q q q qqq q qq q q q q q q qqq q q q q q q qq q qq q qq qq qq q qqq qq qq q q qq q q q qqqq qq q q qq qq q q qqq 200 400 600 800 2008 2010 2012 2014 2016 Date PalladiumFrontMonthPrice PalladiumFront Month Price q qqqqqqq qqqqq qqq q qqqqqqqqq q qq qqqqq qqqqqqq q qqqq qqqq qqqqqq qqqqq qq qqqqqqqqq q qqq qqqqqqq qqqqq q qqqqqq q q qq qqqqqqqqqqq q qq qq q qqq qq q q q qqq qqqq q q qqqqqqqqqq qqqqqqq qq qqqqq q qqq qqqq qqq qq q q qq q qqq q q q qqqq q q qq qq qq qqq q q q qqq qq q q q q q q q q q q qqq q q q qq qqq q q q qq qq q qq q q q qq q qq q q q q q qq −30000 −20000 −10000 0 2008 2010 2012 2014 2016 Date PalladiumCommercialContractsNet PalladiumCommercial Contracts q qqq qq qq qqqqq q q q q qqq q qqqq q q qq q qq qq q qqq q qq q q qq q q q q q qq qq qq qqq qq qq q qqqq qq qq q qqq qqqqq q q qq q qq q q qqqq q q q qq q q qqqqqqqqq q qq q q q qq q q q q q q qq q qqqq q q qqqqqq qqqq qqqqqqqqq qqqqq q qqq qqqq qqq qq q q qq q qqq q q q qqqq q q qq qq qq qqq q q q qqq qq q q q q q q q q q q qqq q q q qq qqq q q q qq qq q qq q q q qq q qq q q q q q qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date PalladiumCommercialCapacityIndex PalladiumCommercial Capacity Index Based Upon a Moving 3 Year Window
- 33. qqqqqqqqqqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqq q qq q q q q qqq qqq q qqq qq q qqqq q qq q qqq q qq q q q qqq qqqqq q qqqqqq q qqqqqqqqqqqqqqqqq qqqqq qqqqq qq q qq qqqq q q q qq qq qq q qq q q q q q q q q q qq q q qq q q q q q q qqq q qq q q q q q q qqq q q q q q q qq q qq q qq qq qq q qqq qq qq q q qq q q q qqqq qq q q qq qq q q qqq 200 400 600 800 2008 2010 2012 2014 2016 Date PalladiumFrontMonthPrice PalladiumFront Month Price q qqqqqqqqqqqq qqq q qqqq qqqqq q qq qqqqq qqqqqqq q qqqq qqqqqqqqqq qqqqq qq q q qqqqqqqq qqq qqqqqqqqqqqq q qqqqq q q q qq qqqqqqqqqqqq qq qq q qqq qqq q q qqq qqqqq qqqqqqqqqqq qqqqqqqqq q qqqq q qqq qqqq qqq qq q q qq q qqq qq q qqqq q q qq qq qq qqq q q q q qq qq q q q q qq q q q q qqq q q q qq qqq q q q qq qq q qq q q q qq q qq q q q q q qq 0 10000 20000 30000 2008 2010 2012 2014 2016 Date PalladiumSpeculatorContractsNet PalladiumSpeculator Contracts q qqq qq qq q q qqq q qq q qq q q qqqq q q q q q qqqq q qqq q qq q q qq q q qq q qq qq qq qqq qq qq q q qqq qqq q q qqq q qq qq qq qqq qq q q qqqq q q q qq qq qq qqqqqqq q qq q q q qqq qq q q q qqq qqqqq q qqqqqqqqqq qqq qq qqqq q qqqq qqqq qqqq qqq qq q q qq q qqq qq q qqqq q q qq qq qq qqq q q q q qq qq q q q q qq q q q q qqq q q q qq qqq q q q qq qq q qq q q q qq q qq q q q q q qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date PalladiumSpeculatorCapacityIndex PalladiumSpeculator Capacity Index Based Upon a Moving 3 Year Window
- 34. qqqqqqqqqqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqq q qq q q q q qqq qqq q qqq qq q qqqq q qq q qqq q qq q q q qqq qqqqq q qqqqqq q qqqqqqqqqqqqqqqqq qqqqq qqqqq qq q qq qqqq q q q qq qq qq q qq q q q q q q q q q qq q q qq q q q q q q qqq q qq q q q q q q qqq q q q q q q qq q qq q qq qq qq q qqq qq qq q q qq q q q qqqq qq q q qq qq q q qqq 200 400 600 800 2008 2010 2012 2014 2016 Date PalladiumFrontMonthPrice PalladiumFront Month Price q qqq q q qq q q qqqq q qq qqqq q q qq qqq qq qq q q qqqqq qq q q qqqq q qq qq q qq q q qqqq q q q q qqq q q q q q q q qq q q qq q q q q q q q qq q qq q q q q q q q qqq q q qqqqq q q q qq q qq qq q q q q qq q q q qq q q q qqq qq qq qq qq qq q q q q q q q qq q q qq q q q qq q q q q q qq q qq qq q q q q q q qq q qqq q qq q q q q q q q q q q q q q q q q q q q q q q q q q q qq q q qq q qq q qq q q q q qqq q q q q q q q qq q qq q −3000 −2000 −1000 0 2008 2010 2012 2014 2016 Date PalladiumTotalReportsContractsNet PalladiumTotal Reports Contracts q qqq q q qq q q qqqq q qq q qqq q q qq qqq qq qq q q qqqqq q q q q qq qq q qq qq q qq q q qqqq q q q q qqq q q q q q q q qq q q qq q q q q q q q qq q qq q q q q q q q qq q q q qqqqq q q q qq q qq qq q q q q qq q q q qq q q q qqq qq qq qq qq q q q q q q q q q qq q q qq q q q qq q q q q q qq q qq qq q q q q q q qq q qqq q qq q q q q q q q q q q q q q q q q q q q q q q q q q q qq q q qq q qq q qq q q q q qqq q q q q q q q qq q qq q 0 25 50 75 100 2008 2010 2012 2014 2016 Date PalladiumTotalReportsCapacityIndex PalladiumTotal Reports Capacity Index Based Upon a Moving 3 Year Window
- 35. qqqqqqqqqqqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqq qqqqqqqqqqqqqqqqqqqqqq q qq q q q q qqq qqq q qqq qq q qqqq q qq q qqq q qq q q q qqq qqqqq q qqqqqq q qqqqqqqqqqqqqqqqq qqqqq qqqqq qq q qq qqqq q q q qq qq qq q qq q q q q q q q q q qq q q qq q q q q q q qqq q qq q q q q q q qqq q q q q q q qq q qq q qq qq qq q qqq qq qq q q qq q q q qqqq qq q q qq qq q q qqq 200 400 600 800 2008 2010 2012 2014 2016 Date PalladiumFrontMonthPrice PalladiumFront Month Price q qqq q q qq q q qqqq q qq qqqq q q qq qqq qq qq q q qqqqq qq q q qqqq q qq qq q qq q q qqqq q q q q qqq q q q q q q q qq q q qq q q q q q q q qq q qq q q q q q q q qqq q q qqqqq q q q qq q qq qq q q q q qq q q q qq q q q qqq qq qq qq qq qq q q q q q q q qq q q qq q q q qq q q q q q qq q qq qq q q q q q q qq q qqq q qq q q q q q q q q q q q q q q q q q q q q q q q q q q qq q q qq q qq q qq q q q q qqq q q q q q q q qq q qq q 0 1000 2000 3000 2008 2010 2012 2014 2016 Date PalladiumNonReportContractsNet PalladiumNonReport Contracts q q qq q q qq q q qqqq q qq q qqq q q qq qqq qq qq q q qqqqq q q q q qq qq q qq qq q qq q q qq qq q q q q qqq q q q qq q q qq q q q q q q q q q q q qq q qq q q q q q q q q qq q q qqqqq q q q qq q qq qq q q q q qq q q q qq q q q qqq q q qq qq qq q q q q q qq q q qq q q qq q q q qq q q q q q qq q qq q q q q q q q q qq q qqq q qq q q q q q q q q q q q q q q q q q q q q q q q q q q qq q q qq q qq q qq q q q q qqq q q q q q q q qq q qq q 0 25 50 75 100 2008 2010 2012 2014 2016 Date NonReportCapacityIndex PalladiumNonReport Capacity Index Based Upon a Moving 3 Year Window
- 36. Open_Int 20000 30000 0.88 −0.27 500 1500 0.49 0.33 15000 35000 0.85 1.00 30000 1.00 0.89 1000 2000 −0.32 30000 0.61 20000 Spec_Lg −0.36 0.13 −0.15 0.83 0.86 0.88 0.87 −0.35 0.77 Spec_Sht −0.14 0.24 −0.74 −0.24 −0.32 −0.37 0.86 400016000 −0.64 500 Spec_Spd 0.72 0.38 0.52 0.50 0.23 −0.29 −0.01 Comm_Lg 0.067 0.37 0.32 0.079 0.13 6000 −0.30 15000 Comm_Sht 0.83 0.87 0.84 −0.70 0.80 Tot_Lg 0.99 0.85 −0.29 30000 0.57 30000 Tot_Sht 0.90 −0.38 0.64 NonR_Lg −0.44 15003500 0.73 1000 NonR_Sht −0.60 30000 45000 4000 12000 6000 12000 30000 40000 1500 3000 600 750 900 600850 Settle Palladium Correlation Matrix of Gross Contracts for the Past Two Years
- 37. Open_Int 600 750 900 0.61 −0.74 5000 20000 0.71 −0.82 −500 1500 0.82 −0.74 20 60 100 0.71 −0.81 0 40 80 3000045000 0.78 600800 Settle −0.86 0.86 −0.79 0.79 −0.86 0.86 −0.81 0.83 CommNet −1.00 0.89 −0.89 1.00 −1.00 0.90 −30000−5000 −0.85 500025000 SpecNet −0.86 0.86 −1.00 1.00 −0.87 0.82 TotalNet −1.00 0.89 −0.86 1.00 −25000 −0.98 −5002000 NonRNet −0.89 0.86 −1.00 0.98 CommIndex −1.00 0.90 040 −0.85 2080 SpecIndex −0.87 0.82 TotalIndex 040100 −0.98 30000 40000 040100 −30000 −10000 −2500 −500 0 40 80 0 40 80 NonRIndex Palladium Correlation Matrix of NET Contracts for the Past Two Years
- 38. q q q q q q q q q q q q q q q q q q q q q q q q q q600 650 700 750 800 Mar Apr May Jun Jul Aug Sep Date Price Palladium Future Price −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −2000 0 2000 4000 −20000 −15000 −10000 −5000 0 Commercial Net Position ChangeinContracts Palladium Commercial Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −4000 −2000 0 2000 0 5000 10000 15000 20000 Speculator Net Position ChangeinContracts Palladium Speculator Net Change −− Last 13 Consecutive Weeks q q q q q qq q q q q q q −600 −300 0 300 −500 0 500 1000 1500 Non Report Net Position ChangeinContracts Palladium Non Reports Net Change −− Last 13 Consecutive Weeks
- 39. qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq qqqqqqqqqqqqqq q q q q q q qqqqq q q q qqqqqqqqqqq q q q q q q q q q q q q qqqqqqqqqq qqqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqq qqq qq qqqq q qqqq qq q q q q q q qqqqq q q q qq qqqq q q qq qq q qqq qqq q qq qq q q qq q q q qq qqq q q qqq qqqq q q q q q qqqq q qq q q q q qqq qqq q qqqq q q q q q q q q qqqqqqq 300 500 700 2008 2010 2012 2014 2016 Date FuturePriceWeekEnding Palladium 10 Week Forecast w/80/95 C.F. Based on Rolling 13 Week Linear Regression q qq q q q q q q qqqqq q q q qq qq qq q q qq qq q q qq qqq q qq qq q q q q q q q q q qqq q q q q q q q qq q q q q q qqq q q qq q q q q qqq qqq q qqq q q q q q q q q q q qqqqqq 400 500 600 700 800 2011 2012 2013 2014 2015 2016 Date FuturePriceWeekEnding Palladium Zoom of Rolling 13 week Linear Regression Model
- 40. q q q qq q q q q q q q q q q q qq q q q q q q q q q q q q q qq q q q q q q qq q q qq q q q q q q q qq q q q q q q q q q q q q qq q q qq q q q q q q q q q q q q q q q q qq q qq q q q q q q q q q q q 500 600 700 800 900 2010 2011 2012 2013 2014 2015 Date $$WeekEnding Palladium Actual Price versus ARIMA on 13 Week Moving Regression Line q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q −1e−05 0e+00 1e−05 Date SlopeofRegressionLine Palladium Slope of Regressed Model Fit
- 41. 1000 1200 1400 1600 Platinum Weekly with Parabolic Stop & Reversal (white) [2013−01−06/2015−09−13] q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q Last 965.2 Bollinger Bands (20,2) [Upper/Lower]: 1318.709/948.621 Relative Strength Index (14): 28.291 25 30 35 40 45 50 55 60 Commodity Channel Index (20,0.015): −137.00 −300 −200 −100 0 100 200 300 Volume (1000s): 70,035 60 65 70 75 80 Jan 06 2013 Apr 07 2013 Sep 29 2013 Jan 05 2014 Jun 29 2014 Oct 05 2014 Dec 14 2014 Feb 01 2015 Apr 12 2015 Jul 05 2015 Sep 13 2015
- 42. qqq q q q qqqq qqqqqqqqqqqqq qqq qqqqqq q qqqq qq qqqq qqq qqqq q q q q qq qq q qqq q q q q q q qqq q q q q q q q q q q q q qqqq q qqq q q q qq qq qqqqq qqq qqq q q q qq qq qqq q q qqqqq qq qq qqq qq q qqqqq qq qq q q qq q qqqq q qqqq q q qq q qq q q qqq q q q qq q qq q q q qq q q q q qq qqqqq q q q q q q q q qq q q q q qq qq qqq qq qqq q qqq qqqqq q qqqq qqq qqqq qq q qq qq qq qqq q q 900 1200 1500 1800 2100 2008 2010 2012 2014 2016 Date PlatinumFrontMonthPrice PlatinumFront Month Price qqqq qqqqqqqqqqqqqqqqqqq qqqqqqqqqq qqqq qqqqq qqqq qqqqqqqqqqqqqqqq qq qqq qqqqq q q qqqqqqqqqqqqqqqq qqqqqqqqqqqqqq qqqq qqqqqqq qqqqqq qqqqqq qq qq qqqqq qqq qqqqqqq qqqq q qqq q qq qq qqq q q q qq q qqq q qq q q q q qqq q qqqq q q q q q qqq q q q qq q q qq q q q q q q qqq q q q qq q q q q q q qq q q qqq qqqqq qqq q qq q q q q qq q qq qqqq q q −40000 −20000 0 2008 2010 2012 2014 2016 Date PlatinumCommercialContractsNet PlatinumCommercial Contracts q qq q q q qqq q q q q qqq q qqq qq q qq q q qq qq qq qq q q q qq qq q q qq q q q q q q q qqqq q qqqq qq q qq q qqqq q q q qqq q qqqqqqqqqq q qqqqqqq qqqq qq q qqqq qqqqq qq qq qqqq qqqqqq qqqq qqqqq qqq qqqqqqq qqq q q qqq q qq qq qqq q q q qq q qqq q qq q q q q qqq q qqqq q q q q qq qq q q q qq q q qq q q q q q q qqq q q q q q q q q q q q qq q q q qq qqq qq qqq q qq q q q q qq q qq qqqq q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date PlatinumCommercialCapacityIndex PlatinumCommercial Capacity Index Based Upon a Moving 3 Year Window
- 43. qqq q q q qqqq qqqqqqqqqqqqq qqq qqqqqq q qqqq qq qqqq qqq qqqq q q q q qq qq q qqq q q q q q q qqq q q q q q q q q q q q q qqqq q qqq q q q qq qq qqqqq qqq qqq q q q qq qq qqq q q qqqqq qq qq qqq qq q qqqqq qq qq q q qq q qqqq q qqqq q q qq q qq q q qqq q q q qq q qq q q q qq q q q q qq qqqqq q q q q q q q q qq q q q q qq qq qqq qq qqq q qqq qqqqq q qqqq qqq qqqq qq q qq qq qq qqq q q 900 1200 1500 1800 2100 2008 2010 2012 2014 2016 Date PlatinumFrontMonthPrice PlatinumFront Month Price qqqq qqqqqqqqqqqqqqqqqqq qqqqqqqqqq qqqq qqqqqqqqq qqqqqqqqqqqqqqqq qqqqq qqqqq q qq qqqq qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq qqqqqq qqqqqq q qqq qqqqq qqq qqqqqqq qqqq q qqq q qq qq qqq q q q qqq qqq q q q qq q qqqq q qqqqq q q q qqqqq q q qq q q q q q q q q q q qqq q q q qqq q q q q q qq q q q qq qqq q q qqqq q q q q q q qq q qq qqqq q q 0 10000 20000 30000 40000 50000 2008 2010 2012 2014 2016 Date PlatinumSpeculatorContractsNet PlatinumSpeculator Contracts q q q q qq qq q q q q q q q q q q qq qq q q q q q qq qq q q qq q q qq q q q q q qq q q q q q q q qq qqq qq qq qq q qq qqqqq q q q qqq q qqqqq q qqq q q qqqqq qq qq qq qq q qqqq qqqqqqq qq qqqq qqqqqqq qqq qqqqq qqqqqqqqqq qqq q qqqq q qq qq qqq q q q qqq qqq q q q qq q qqqq q qqqqq q q q qq qq q q q qq q q q q q q q q q q qq q q q q qq q q q q q q qq q q q qq qqq q q qqq q q q q q q q qq q qq qq qq q q 0 25 50 75 100 2008 2010 2012 2014 2016 Date PlatinumSpeculatorCapacityIndex PlatinumSpeculator Capacity Index Based Upon a Moving 3 Year Window
- 44. qqq q q q qqqq qqqqqqqqqqqqq qqq qqqqqq q qqqq qq qqqq qqq qqqq q q q q qq qq q qqq q q q q q q qqq q q q q q q q q q q q q qqqq q qqq q q q qq qq qqqqq qqq qqq q q q qq qq qqq q q qqqqq qq qq qqq qq q qqqqq qq qq q q qq q qqqq q qqqq q q qq q qq q q qqq q q q qq q qq q q q qq q q q q qq qqqqq q q q q q q q q qq q q q q qq qq qqq qq qqq q qqq qqqqq q qqqq qqq qqqq qq q qq qq qq qqq q q 900 1200 1500 1800 2100 2008 2010 2012 2014 2016 Date PlatinumFrontMonthPrice PlatinumFront Month Price q qqq q qq q q qqqqq qqqqqqqqq q qqqq qqq q q qq qqq qq q q q qqq q qqq qq qq q qq qq q q qq q q qq qqqq q q q q qq qqqqqq q q qqq q q qq qq qq qq qq qqqq qq qq q qqqq q q q q q q q q qqq qq q q q q q qqqqq q qq q qq qq q q qq qq q qq q q q qq q qq q q q q q q q q q q q q q q q q q q qq q q qqq q q q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q q q q q q qq q qqq q q q q q q q qq q q q qq q q q qq q q q qqq qq −6000 −4000 −2000 0 2008 2010 2012 2014 2016 Date PlatinumTotalReportsContractsNet PlatinumTotal Reports Contracts q qqq q q q q q q q q qq qq qq q qq q q q q qq q qq q q q qq q q q q q q q q qqq q qq q qq qq q q q q q q q qq q q q q qqq q q q q q qq q qqqqq q q qqq q q qq qqqqqq qq qqqq qq qq q qqqq q q q q q q q q qqq qq q q q q q qqqqq q qq q qq qqq q qq qq q qqq q q qq q qq q q q q q q q qq q q q q q q q q qqq q q qqq q q q q q q q q q q qqq q q q q q q q q q q q q q q q q q q q q q q q q qq q qqqq q q q q q q qq q q q qq qq qqq q q q q qq qq 0 25 50 75 100 2008 2010 2012 2014 2016 Date PlatinumTotalReportsCapacityIndex PlatinumTotal Reports Capacity Index Based Upon a Moving 3 Year Window
- 45. qqq q q q qqqq qqqqqqqqqqqqq qqq qqqqqq q qqqq qq qqqq qqq qqqq q q q q qq qq q qqq q q q q q q qqq q q q q q q q q q q q q qqqq q qqq q q q qq qq qqqqq qqq qqq q q q qq qq qqq q q qqqqq qq qq qqq qq q qqqqq qq qq q q qq q qqqq q qqqq q q qq q qq q q qqq q q q qq q qq q q q qq q q q q qq qqqqq q q q q q q q q qq q q q q qq qq qqq qq qqq q qqq qqqqq q qqqq qqq qqqq qq q qq qq qq qqq q q 900 1200 1500 1800 2100 2008 2010 2012 2014 2016 Date PlatinumFrontMonthPrice PlatinumFront Month Price q qqq q qq q q qqqqq qqqqqqqqq q qqqq qqq q q qq qqq qq q q q qqq q qqq qq qq q qq qq q q qq q q qq qqqq q q q q qq qqqqqq q q qqq q q qq qq qq qq qq qqqq qq qq q qqqq q q q q q q q q qqq qq q q q q q qqqqq q qq q qq qq q q qq qq q qq q q q qq q qq q q q q q q q q q q q q q q q q q q qq q q qqq q q q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q q q q q q qq q qqq q q q q q q q qq q q q qq q q q qq q q q qqq qq 0 2000 4000 6000 2008 2010 2012 2014 2016 Date PlatinumNonReportContractsNet PlatinumNonReport Contracts q q qq q q q q q q q q qq qq qq q qq q q q q qq q q qq q q q q q q q q q q q q qq q q q q q qq qq q q q q q q q qq q q q q qqq q q q q q qq q qqqqq q q q qq q q qq qqqq qq qq qqqq qq qq q q qqq q q q q q q q q qqq qq q q q q qqqqq q q qq q qq qq q q qq qq q qq q q q qq q qq q q q q q q q q q q q q q q q q q q qq q q qqq q q q q q q q q q q qq q q q q q q q q q q q q q q q q q q q q q q q q q qq q q qq q q q q q q q qq qq q qq q q q qq q q q q qq qq 0 20 40 60 80 2008 2010 2012 2014 2016 Date NonReportCapacityIndex PlatinumNonReport Capacity Index Based Upon a Moving 3 Year Window
- 46. Open_Int 40000 55000 0.94 0.59 500 2000 0.23 0.14 40000 60000 0.086 0.99 55000 70000 0.99 0.45 2000 3500 0.016 60000 −0.51 40000 Spec_Lg 0.35 0.086 −0.16 0.34 0.95 0.97 0.35 −0.22 −0.28 Spec_Sht 0.45 0.73 −0.75 0.59 0.50 0.22 0.74 500035000 −0.92 500 Spec_Spd 0.41 −0.41 0.27 0.18 −0.20 0.41 −0.53 Comm_Lg −0.80 0.16 0.049 −0.072 0.79 10000 −0.64 40000 Comm_Sht 0.072 0.19 0.12 −0.92 0.72 Tot_Lg 0.98 0.31 0.042 5500075000 −0.50 55000 Tot_Sht 0.47 −0.098 −0.43 NonR_Lg −0.15 40007000 −0.25 20004000 NonR_Sht −0.67 60000 75000 5000 25000 10000 14000 55000 70000 4000 6000 1000 1300 10001500 Settle Platinum Correlation Matrix of Gross Contracts for the Past Two Years
- 47. Open_Int 1000 1300 −0.51 −0.048 20000 40000 0.0052 −0.33 0 2000 0.33 0.046 20 60 100 −0.10 −0.37 10 30 50 6000080000 0.29 10001400 Settle −0.73 0.76 −0.18 0.18 −0.79 0.82 −0.13 0.24 CommNet −0.99 0.60 −0.60 0.99 −0.98 0.58 −55000 −0.64 2000045000 SpecNet −0.51 0.51 −0.99 0.99 −0.49 0.55 TotalNet −1.00 0.56 −0.46 0.99 −40000 −0.99 03000 NonRNet −0.56 0.46 −0.99 0.99 CommIndex −0.99 0.54 040 −0.60 2080 SpecIndex −0.44 0.50 TotalIndex 4070 −0.99 60000 75000 1040 −55000 −35000 −4000 −1000 0 40 80 40 60 80 NonRIndex Platinum Correlation Matrix of NET Contracts for the Past Two Years
- 48. q q q q q q q q q q q q q q q q q q q q q q q q q q 1000 1050 1100 1150 Mar Apr May Jun Jul Aug Sep Date Price Platinum Future Price −− Last 13 Consecutive Weeks q q q q q q q q q q q q q −6000 −4000 −2000 0 2000 −30000 −20000 −10000 0 Commercial Net Position ChangeinContracts Platinum Commercial Net Change −− Last 13 Consecutive Weeks q q q q qq q q q q q q q −4000 −2000 0 2000 4000 6000 0 10000 20000 30000 Speculator Net Position ChangeinContracts Platinum Speculator Net Change −− Last 13 Consecutive Weeks q q q q q q q q q q qq q −500 0 500 1000 0 1000 2000 Non Report Net Position ChangeinContracts Platinum Non Reports Net Change −− Last 13 Consecutive Weeks
- 49. qqq qq qqqqqq qqqqqqqqqq qqqq qq q qq qqq qqqqq q q q q q q q q qqq q qqqqqqqqq q q q q q q q q q q q q q qqq qqq q q q q qq q q q q qqqqqq qqqqqqqq qqqqq qq qqqqqq qqqqqqqqq qqqqqqq q qq qqqq q q q qq q qqq q q q q qqqqq qqqq qqqq q q q q q q q qq q q q qq q qq qq q q qqq qq qqq q q q q q qq q qqq q q q qq qqqq qqqqq q q q q q q qqqqqqqq qqq qq q qqqq q qqqqqqqqqq q 1000 1500 2000 2008 2010 2012 2014 2016 Date FuturePriceWeekEnding Platinum 10 Week Forecast w/80/95 C.F. Based on Rolling 13 Week Linear Regression q qqqq q q qqq q qqq q q q q q q q qq q q q q q q q q qq q q qqq qq qqq q q q q q qq q qqq q q q q q qqqq qqqqq q q q q q q q qqqqq qq q qq qq q qqq q q qqqqqqq q q q q 900 1200 1500 1800 2011 2012 2013 2014 2015 2016 Date FuturePriceWeekEnding Platinum Zoom of Rolling 13 week Linear Regression Model
- 50. q q q q qq q q q qq q q q q q q q q q q q q q q q q q q q qq q q q q qq qq q qq q q q q q q q q q q q q q q qq qq q qq q q q qq q qq q q qq qq q qqq q q q q qq q q q q q qq q q q q q q q q q 1000 1250 1500 1750 2011 2012 2013 2014 2015 Date $$WeekEnding Platinum Actual Price versus ARIMA on 13 Week Moving Regression Line q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q q −3e−05 −2e−05 −1e−05 0e+00 1e−05 Date SlopeofRegressionLine Platinum Slope of Regressed Model Fit