“A price rally inspired speculators to build bullish positions in precious metals futures and options traded on the Comex division of New York Mercantile Exchange and the Nymex, confirming many market participants’ expectations that speculators shed short positions when prices rose. The gains in the data released Friday by the Commodity Futures Trading Commission came via a mix of short covering, that is buying back of previously sold positions, and newly added long positions as noted in both the disaggregated and legacy reports. In copper, speculators sheared short positions, and [..] turned net-long for the first time since February.”
Related posts:
Russia Backs Bitcoin Curbs as Central Bank Snubs Sberbank Plan
Trouble on U.S. farms as growers seek workers and crops rot
Glenn Greenwald Interview: Low-Level NSA Analysts Have 'Powerful and Invasive' Search Tool
Home-Loan Drop Pushes Fed Away From Mortgage Bond Taper
Egypt’s wheat problem: how Morsi jeopardized the bread supply
Chinese Way of Doing Business: In Cash We Trust
Der Spiegel Laments The Rapid Spread of Printable Pistols
Baubles to bars: India gold culture defies curbs
Portugal warns EU-IMF troika to back off on austerity demands
Rand Paul: 'Whatever it takes to stop' Patriot Act reauthorization
After riots, Mohamed Morsi declares emergency in three Egyptian cities
Drug use doubles among U.S. baby boomers and seniors
Airport security set for boom despite budget cuts
Federal Europe will be 'a reality in a few years', says commission president
Dulles 'brothers grim' left legacy of mischief