Friday, 22 August 2014
Last updated 1 hour ago
Jul 29 2013 | 9:42am ET
Hedge funds are getting bullish on gold, again.
Long bets by money managers increased by 26% as of July 23, the Commodity Futures Trading Commission said, the fourth straight week that futures and options holdings on the metal have rose. Hedge fund, which had been cutting gold after taking a beating on long bets, appear convinced that the Federal Reserve will begin to taper its stimulus programs later rather than sooner.
Hedge funds poured money into other commodities, as well. Long bets across 18 U.S.-traded commodities rose 7.4%. Crude oil longs rose 9.8% to their highest level in seven years.
Not all commodities were beneficiaries: Short bets on corn more than doubled, setting a new record, as net-long positions on a basket of 11 agricultural products fell 34%. Copper longs also fell sharply, by 17.2%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note