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Charlie Stromeyer Jr » Comments » DZZ

  • What's Behind the Slide in Oil and Commodities? [View article]
    fxtrader07, I once heard that Goldman is the largest U.S. trader of oil futures so you might be right, but their own internal hedge fund has really crappy performance.
    Jul 25 08:57 am |Rating: 0 0 |Link to Comment
  • What's Behind the Slide in Oil and Commodities? [View article]
    Good piece, Gary, and here is a question:

    Just right before the all time peak in the price of oil, hedge funds reduced their net long oil futures positions to the lowest since February 2007. What do you suppose these hedge funds suspected that ended up being so correct? Thanks.

    Disclosure: still long the Brazilian real and still short oil since a price of 145.2, but I will reevaluate my oil short position if oil gets down to my target price of the low 120s.
    Jul 25 08:32 am |Rating: 0 0 |Link to Comment
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