Investors Move Into Metals Ahead of Fed
Posted by Investment Rarities on September 12th 2011 in CFTC, China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!
“Investors poured $240 million into commodity funds in the week ended Sept. 7, the first inflow in four weeks,” reports Bloomberg, which was “more a move into gold and precious metals,” according to the research director of a firm that monitors fund flows. He added that “The train of thought is the Federal Reserve is probably going to move again on some kind of stimulus program that’s going to weaken the dollar.” The article also notes that according to the latest COT report, “Speculators increased net-long positions in gold by 1.3 percent to 197,844 contracts, the first gain since Aug. 2,” while “Bullish silver bets jumped 6.9 percent to 28,256 contracts.”
Related Links:
MarketWatch: Gold tumbles as Europe fears spark run to cash
Reuters: Gold drops as investors cover equity losses
Coin News: Gold prices fall 2.5%, silver tumbles 3.4%
Barron’s: Gold & silver suffer along with stocks; shades of 2008?
Bloomberg: Technical analysis: Gold may fall below $1,700 before extending bull rally
Bullion Bulls Canada: The new bankster ‘weapon’ against gold/silver: Extreme volatility
GoldMoney/Got Gold Report: Central banks and the gold price
WSJ: Central bankers can be lousy gold traders/the article referenced
FMMF/Bespoke Investment: Silver & gold are the two top performing assets since 9/11
Bloomberg: Hedge funds weather August financial market rout trading gold at a record
Investment News: Marc Faber’s golden rule: Buy a ‘little bit’ every month
Commodity Online: As gold rises, so does demand for silver jewelry
Market Oracle: The gold and silver precious metals tsunami
Telegraph: Germany and Greece flirt with mutual assured destruction
Financial Times: Italy turns to China for help in debt crisis
Zero Hedge: Here is what China really thinks about Italian bond purchases
