CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Bloomberg reported that calls for gold ETFs have increased the most since early August 2011.
Gold followed the equities lower on Friday, as discord among the G20 leaders on boosting the IMF’s firepower to fight the Eurozone debt crisis led to investor apprehension.
MarketWatch reported that "pocket pivots" signal the best timing for investing in gold and silver.
Forbes reported on five gold ETFs that are performing particularly well.
IBTimes reported that the World Gold Council sees increasing demand for India Gold ETFs.
This September, gold took part in a massive sell-off as investors moved to liquidate positions in the face of a deteriorating global economic picture. In the end, the metal lost 11 percent of its value.
Forbes reported that gold stocks are currently more favorable to investors than gold ETFs.
Seeking Alpha reported on several reasons why investors could short silver. The market news is quoted as saying: Aggressive investors may want to short gold and silver, as they both are sensitive to a strengthening dollar, a change in monetary policy, and a weakening global economy. To read the full market news, click here.
The Globe and Mail reported on the outlook for gold ETFs.
Monday, November 14, 2011