Market News Commodities Poised to Bounce Back, Gold to Benefit? |
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The firm noted that ?€œInvestor selling of commodities has intensified in recent weeks and hedge funds have been particularly aggressive?€?Gross short positions across the major U.S. commodity futures markets are now 30% larger than they were at the start of September and net hedge fund length has halved. Institutional investors have also been unusually active in cutting positions.?€ The firm argued that this data is bullish for commodities, from a contrarian perspective. Furthermore, Barclays wrote that ?€œDespite the lack of resolution in Europe, the macro-economic situation elsewhere has brightened considerably. Evidence is mounting that the U.S. is emerging from its soft patch and recent data supports the view that China is heading for a soft landing.?€ Authors: Commodities - Yahoo! News Search Results |
