04.10.2016 - Hedge Funds Hurry Back Into Gold, Silver Post-Fed Meeting
Hedge funds were quick to jump back into their bullish gold and silver bets after the Federal Reserve left interest rates unchanged and lowered its long-term forecasts at its last meeting, according to the latest data from the Commodity Futures Trading Commission. The latest trade data shows that bullish speculative interest in gold is back near its all-time-highs, after hitting their lowest point in three months. The disaggregated Commitments of Trader report (COT), for the week ending Sept. 27, showed money managers increased their speculative gross long positions in Comex gold futures by 36,032, contracts to 282,151..............................................Full Article: Source
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