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Hedge funds’ commods bullish bets at August lows; gold hit hardest

Posted on 22 October 2012

Hedge funds and other big speculators have cut their bullish bets on U.S. commodities to the lowest levels since the end of August, data showed on Friday, as global economic worries pushed prices off their peaks.
Funds have mostly bailed out of gold after bullion’s repeated failure in breaching the $1,800-an-ounce mark which market bulls say would presage a new record high. Agricultural markets have also seen reduced investor interest as the U.S. harvest waned, prompting funds to cut the “long” money they had put on for a continued rise in soybean and corn prices………………………………………..Full Article: Source


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