informationliberation
The news you're not supposed to know...




Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Feb 25 2013, 12:11 AM Category: Economy Source: Bloomberg Print

Gold Bets Cut by Most Since '07

By Tony C. Dreibus

This is a good contrarian indicator for gold.Hedge funds cut bets on a rally in gold by the most since 2007 and became the most bearish ever on sugar and coffee as concern that the Federal Reserve will slow U.S. stimulus programs drove prices for raw materials to the biggest loss this year.

Money managers and other large speculators reduced their net-long position in gold futures and options by 40 percent in the week ended Feb. 19 to 42,318, the biggest drop since July 31, 2007, U.S. Commodity Futures Trading Commission data show. Wagers across 18 U.S. raw materials tumbled to the lowest since December 2011 as investors’ net-short positions for sugar and coffee hit record highs. Bullish corn wagers fell the most since June 2010.

Global holdings of exchange-traded products backed by gold tumbled 1.6 percent last week, the most since August 2011, after minutes of a Fed policy meeting showed several officials said the central bank should be ready to vary the pace of their monthly bond purchases. The Standard & Poor’s GSCI Spot Index of 24 commodities sank 2.6 percent, the most since Dec. 7. The gauge surged 85 percent in the four years through Dec. 31 as the Fed expanded its balance sheet to more than $3 trillion.

“The expectations and rhetoric out of the Fed about an exit strategy has spooked people, making them think the Fed is going to tighten stimulus,” James Dailey, who manages $215 million at TEAM Financial Asset Management LLC in Harrisburg, Pennsylvania, said in a telephone interview. “There’s a confluence of weak gold owners, and people who don’t have a strong conviction about owning gold.”

Read More





Latest Economy
- Financial Times Calls For Abolishing Cash
- CNN Tells Americans That The Stock Market Is Not Going To Crash
- Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors'
- Why Hedge Funds Are A Colossal Waste of Money
- The Fed Is Spooking the Markets Not China
- Chinese Markets Crash Again In Biggest Collapse In 20 Years
- Marc Faber: The Global Economy Is Entering An Epic Slump
- Marc Faber On The Market Selloff









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Officer Filmed Punching Pregnant Veteran Cleared Of Wrongdoing - 08/27Police are So Scared of Jury Nullification they Defy Judge's Order and Unlawfully Removed Activists - 08/27Social Media Study Reveals Half Of Americans Hate Their Police Dept. - 08/27Trump: The Problem is Not Guns, It is Mental Illness - 08/27Follow the Silk Road - 08/27This Week's Corrupt Cops Stories - 08/27Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors' - 08/27Jerry Seinfeld Hilariously Trolls Cops After they Shut Down his Son's Lemonade Stand - 08/28

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top