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Commodities Briefing - Categorized | Investment, Market Moves more

Investors in ‘fetal position’ cut bets as Goldman sees rally: Commodities

Posted on 19 December 2011

Speculators reduced bets on commodities to a 31-month low on mounting concern that global economic growth is slowing as Goldman Sachs Group Inc. (GS) and Barclays Capital reiterated predictions that prices will gain.
Money managers cut combined net-long positions across 18 U.S. futures and options by 9.6 percent to 532,521 contracts in the week ended Dec. 13, Commodity Futures Trading Commission data show. That’s the lowest since April 28, 2009. Wagers on gold dropped to an eight-week low and coffee holdings tumbled 60 percent, the most since August………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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