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Fund Managers Cut Overall Exposure To Precious Metals, Go Short Silver

Posted on 10 June 2014

Another price drop for most precious metals encouraged large speculators to continue reducing their net-long positions across the board in precious metals futures and options positions on the Comex division of the New York Mercantile Exchange and Nymex.
Fund managers cut bullish exposure to gold and the platinum group metals in disaggregated and legacy weekly commitments of traders report from the Commodity Futures Trading Commission, while turning net-short silver for both reports. In copper they cut bullish positions in the disaggregated report and added to bearish trades in the legacy report. The data is as of June 3………………………………………..Full Article: Source


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