Looking at who was behind the massive GLD redemptions early this year, Commerzbank concludes the...

|By:, SA News Editor

Looking at who was behind the massive GLD redemptions early this year, Commerzbank concludes the selling might be about done. Estimating quick-moving hedge funds accounted for about 10% of GLD holdings, Commerzbank reckons they've pared down positions to the point where, if anything, they're buyers at this level.