Gold price: Hedge funds have NEVER been this bearish
Frik Els | July 6, 2015
Latest futures data show hedge funds cutting bullish positions 55% to lowest since October 2006 – when gold was worth less than $600 an ounce – and pushing bearish bets to all-time high"
Gold on Monday struggled to advance despite the unfolding chaos in the eurozone, a disappointing jobs report in the US ahead of the holiday weekend and a weaker dollar..
Latest futures data show hedge funds cutting bullish positions 55% to lowest since October 2006 – when gold was worth less than $600 an ounce – and pushing bearish bets to all-time high"
Gold on Monday struggled to advance despite the unfolding chaos in the eurozone, a disappointing jobs report in the US ahead of the holiday weekend and a weaker dollar..
"..That is the highest number of bearish bets ever placed on the New York gold futures market..."
Quelle: mining.com, Saxo Bank, CFTC, Bloomberg
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