Gold Bets Cut by Most Since ’07 as Sugar Bears Grow @ Forex Factory

Gold Bets Cut by Most Since ’07 as Sugar Bears Grow

From bloomberg.com

Hedge funds cut bets on a rally in gold by the most since 2007 and became the most bearish ever on sugar and coffee as concern that the Federal Reserve will slow U.S. stimulus programs drove prices for raw materials to the biggest loss this year. Money managers and other large speculators reduced their net-long position in gold futures and options by 40 percent in the week ended Feb. 19 to 42,318, the biggest drop since July 31, 2007, U.S. Commodity Futures Trading Commission data show. Wagers across 18 U.S. raw materials tumbled to the lowest since December 2011 as investors’ net-short positions for ... (full story)

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- Feb 25, 2013 4:03am
- #1
- Quote
- haripk2002
  
  9 posts
- these are just fundamental analysis........... hope so that it will be go upside afterward..... these are just fundamental analysis........... hope so that it will be go upside afterward.....
- Feb 25, 2013 4:05am
- #2
- Quote
- k3nshinz3139
  
  865 posts
- Not enough low.. Not enough low..
- Feb 25, 2013 4:15am
- #3
- Quote
- michaelpelly
  
  313 posts
- 1525-1535 should be tested first...80% probability 1525-1535 should be tested first...80% probability
- Feb 25, 2013 4:20am
- #4
- Quote
- sfurqan
  
  276 posts
- agreed..
  
  Quoting michaelpelly
  
  1525-1535 should be tested first...80% probability
  
  agreed..
- Feb 25, 2013 4:22am
- #5
- Quote
- k3nshinz3139
  
  865 posts
- Quoting michaelpelly
  
  1525-1535 should be tested first...80% probability
  
  But today Gold break the resistance area.. But today Gold break the resistance area..
- Feb 25, 2013 4:27am
- #6
- Quote
- skyboys007
  
  413 posts
- Quoting k3nshinz3139
  
  But today Gold break the resistance area..
  
  This bloody gold doesnt maintain the technical,its very much about fundamental. This bloody gold doesnt maintain the technical,its very much about fundamental.
- Feb 25, 2013 4:34am
- #7
- Quote
- michaelpelly
  
  313 posts
- Quoting k3nshinz3139
  
  But today Gold break the resistance area..
  
  Gold can move 6000-7000 pips for a week - it is too early to tell what Friday evening will say ;-). Gold can move 6000-7000 pips for a week - it is too early to tell what Friday evening will say ;-).
- Feb 25, 2013 4:59am
- #8
- Quote
- Maso
  
  560 posts
- Although I am always in doubt about Bloomberg news, it seems a fall for Gold Although I am always in doubt about Bloomberg news, it seems a fall for Gold ;)
- Feb 25, 2013 5:44am
- #9
- Quote
- Fx Hiflyer
  
  319 posts
- i am short so i really hope it goes down from here......hitting stoploss on monday is extremely pissing off i am short so i really hope it goes down from here......hitting stoploss on monday is extremely pissing off
- Feb 25, 2013 6:05am
- #10
- Quote
- Azzmirul
  
  184 posts
- i also hope will be down i also hope will be down
- Feb 25, 2013 6:26am
- #11
- Quote
- Guest
  
  IP XXX.XXX.70.211
- And now Gold start to go down And now Gold start to go down :D
- Feb 25, 2013 6:56am
- #12
- Quote
- elekboy
  
  224 posts
- bulls trap...watch out....!!! bulls trap...watch out....!!!
- Feb 25, 2013 7:03am
- #13
- Quote
- sfurqan
  
  276 posts
- yep.. it may possible go to 1597.. then down.. yep.. it may possible go to 1597.. then down..
- Feb 25, 2013 7:12am
- #14
- Quote
- Maso
  
  560 posts
- I dont think that Gold will fall before reaching 1620 area. I dont think that Gold will fall before reaching 1620 area.
- Feb 25, 2013 7:20am
- #15
- Quote
- Gold Hunter
  
  22 posts
- Quoting elekboy
  
  bulls trap...watch out....!!!
  
  I think you are right, it's bulls trap.... I think you are right, it's bulls trap....
- Feb 25, 2013 7:35am
- #16
- Quote
- Azzmirul
  
  184 posts
- Quoting Gold Hunter
  
  I think you are right, it's bulls trap....
  
  mean gold will down.. mean gold will down..
- Feb 25, 2013 7:40am
- #17
- Quote
- Gold Hunter
  
  22 posts
- Quoting Azzmirul
  
  mean gold will down..
  
  wait and see @ New York market open mean while>>> wait and see @ New York market open mean while>>>
- Guest
  
  IP XXX.XX.156.205
- Change Code
  
  Enter the characters found on the security image. To skip verification in the future, register to become a member.

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Story Stats

Posted: Feb 25, 2013 3:59am

Submitted by: FF News

Category: Fundamental Analysis
1,382 Views
17 Comments

haripk2002, k3nshinz3139(2), michaelpelly(2), sfurqan(2), skyboys007, Maso(2), Fx Hiflyer, Azzmirul(2), Guest, elekboy, Gold Hunter(2)

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Gold Bets Cut by Most Since ’07 as Sugar Bears Grow