Fund managers' short bets on Comex-traded gold futures and options surged 33% this week to more...

Fund managers' short bets on Comex-traded gold futures and options surged 33% this week to more than 65K contracts, the most in weekly CFTC data going back to June 2006. Fund managers still held more bets that prices would rise than bets they would fall, though by the lowest margin in more than four years. Gold settled at $1,572.80 today, a seven-month low.

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Comments (8)
  • bbro
    , contributor
    Comments (11216) | Send Message
    Gold to S&P 500 ratio...1.04.....24 month moving average of the ratio....1.223
    22 Feb 2013, 05:17 PM Reply Like
  • baseballman24
    , contributor
    Comments (376) | Send Message
    That means go long gold.
    22 Feb 2013, 06:10 PM Reply Like
  • ddearborn
    , contributor
    Comments (180) | Send Message


    The power of the FED to manipulate and corrupt markets. Simply put the Germans among others have ordered the FED to show me the gold. And guess what? They refuse to do so. And there is one reason and one reason only for that.....they don't have it. There hasn't been any gold in Treasury and FED vaults for over a decade. You see they sold it all to their friends at $280 and ounce. So they have agressively attacked gold nearly every day for some time now. And they will continue to do so until is is cheap enough in their estimation to buy back the gold they owe.........
    22 Feb 2013, 10:48 PM Reply Like
  • tr4head
    , contributor
    Comments (316) | Send Message
    Interesting factoid. World Gold Reserves owned by governments peaked right after Goldfinger (the movie) came out.


    Maybe this was a documentary?

    22 Feb 2013, 11:26 PM Reply Like
  • PaulBow
    , contributor
    Comment (1) | Send Message
    Sequestration low inflation poor GDP =deflation
    23 Feb 2013, 07:31 AM Reply Like
  • tr4head
    , contributor
    Comments (316) | Send Message
    Sequestration will have miniscule impact, this is a media/Obama hype about how the govt can't survive with 1-2% decrease in spending? Give me a break.


    My equation: poor GDP + money supply inflation = stagflation
    23 Feb 2013, 12:21 PM Reply Like
  • Tsuris
    , contributor
    Comment (1) | Send Message
    Recent weakness on the precious metal has brought out the popular notion of buying, as a contrary indicator of sentiment, as the fall has accelerated in recent days and short interest has exploded in Comex-traded futures. The Spider Gold Trust has fallen about ten points or 6% since the last day of 2012 (about the same as Comex); a normal fall if it were not for the 12 year non-stop bull market and the blatantly obvious improvement in the US and around a significant part of the rapidly changing world.


    What worked for the last decade may be a source of at least moderate pain for those showing up at a party that is so clearly over....
    23 Feb 2013, 07:36 AM Reply Like
  • Vegasjoe
    , contributor
    Comments (137) | Send Message
    Maybe the SPDR GLD is falling since it is nothing more than a paper claim on a paper metal with never any rights on is leased out to a third party or sold.....The German experience is enlightening: France and the USA need 7 years before they can deliver it?
    Trust nothing the talking heads say: they all are liars.
    Instead watch the behavior of those who have been victims of the USA's unlimited money printing counter fitting scheme...China, Russia, and any other country settling global purchases in dollars.
    24 Feb 2013, 07:13 AM Reply Like
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