Hedge Funds Cut Gold Bets in Longest Slide of 2014: Commodities

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Hedge funds lowered bullish bets on gold for a fourth week, the longest streak this year.

The net-long position contracted to the lowest since mid-February as speculators sold bullion on signs of accelerating U.S. economic growth. The investors more than doubled bets on lower prices in the past month while reducing wagers on a rally in six of the past seven weeks.

Compensation battle rages four years after BP's U.S. oil spill

Posted by Forexsq 5 days ago (http://www.reuters.com)
img Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

Jules Melancon, the last remaining oyster fisherman on an island dotted with colorful houses on stilts, says he has not found a single oyster alive in his leases in the area since the leak and relie

Gold Trades Above Lowest in Week as Ukraine-U.S. Weighed

Posted by Forexsq 7 days ago (http://www.bloomberg.com)
img Gold traded above the lowest price in more than a week in New York as investors weighed turmoil over Ukraine against the outlook for an improving U.S. economy.

Gold fell 2 percent yesterday, the most since December, as data indicated U.S. consumer prices accelerated in March. A report released this week showed retail sales increased more in March than economists forecast. The metal slid the mo

Gold climbs 1% after ‘dovish’ Fed minutes

Posted by Forexsq 13 days ago (http://www.marketwatch.com)
img Gold prices bounced higher Thursday, getting a shot in the arm after minutes from the Federal Reserve’s most recent meeting had a less hawkish tone than investors expected.

At last glance, gold for June delivery GCM4 +1.15% was up $12.80, or 1%, to $1,318.70. On Wednesday, gold fell $3.20, or 0.2%, to settle at $1,305.90 an ounce on the Comex division of the New York Mercantile Exchange. That

Hedge Funds Get Gold Timing Wrong on Rebound

Posted by Forexsq 16 days ago (http://www.bloomberg.com)
img Hedge funds and other speculators misjudged gold prices for a second time in three weeks.

Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March. Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time.

Are the goldbugs finally crying ‘uncle’?

Posted by Forexsq 21 days ago (http://www.marketwatch.com)
img The gold timers are still not running very scared — even after several more days of bullion’s disappointing performance.

And that suggests to contrarians that gold’s several-week correction has yet to reach its final bottom.

I am revisiting this subject in today’s column even though I wrote about it this past weekend, reaching more or less the same conclusion. But, given a bearish turn earl

Is this the correction, or a coming crash?

Posted by Forexsq 25 days ago (http://www.marketwatch.com)
img First, long-duration Treasurys TENZ -0.22% continue to rally despite Fed tapering of quantitative easing and Yellen's comments on a potential rate hike in 2015. Gold GLD -0.09% has fallen unrelentingly, almost straight down following a powerful run up so far this year. Momentum stocks, particularly biotechs IBB -0.82% and those in social media SOCL +1.58% , have gotten utterly wrecked. U.S. sm

Is it time to give up on gold ?

Posted by Forexsq 30 days ago (http://www.marketwatch.com)
img There are some Federal Reserve haters out there who think it’s wise to put over half of your portfolio in gold bullion to protect you against inflation and the inherent volatility of stocks.

On the other hand, there are others who think the gold standard is a “barbarous relic” or think Martians would be baffled by our affinity for the precious metal.

Gold, silver futures take hits in Fed’s wake

Posted by Forexsq 33 days ago (http://www.marketwatch.com)
img A day after Federal Reserve Chairwoman Janet Yellen threw the market a three-word curveball, sellers were in control — sending prices for gold and silver down on Thursday for a fourth consecutive session.

Gold for April delivery GCJ4 -0.71% fell $14.90, or 1.1%, to $1,326.40 an ounce on the Comex division of the New York Mercantile Exchange. Prices for the contract have already tallied a loss

Goldman Sachs to RenCap Poach Dubai Equity Bankers on Rally

Posted by Forexsq 37 days ago (http://www.bloomberg.com)
img Within 18 months of leaving his trading job to open a lunchtime eatery at the Dubai financial center in 2011, Nabil Al Rantisi was back: selling stocks and rebuilding one of the city’s largest brokerages.

“I saw my window of opportunity,” Rantisi, managing director of Mena Corp Financial Services LLC, said in a March 9 telephone interview from Dubai. “Things started picking up in September 201

Gold Most Bullish Since 2012 as Goldman Sees Slump: Commodities

Posted by Forexsq 44 days ago (http://www.bloomberg.com)
img Gold is getting more attractive to hedge-fund managers even as Goldman Sachs Group Inc. says the metal’s surprising rally this year will soon fizzle.

Hedge funds and other speculators expanded bets on higher prices for a fourth week in New York futures and are now the most bullish since December 2012, government data show. While gold is off to its best start in six years after topping $1,350 a

BP Must Live With Oil-Spill Settlement Terms, Court Rules

Posted by Forexsq 50 days ago (http://www.bloomberg.com)
img BP Plc (BP/) was told by a federal appeals court to abide by terms of a $9.2 billion settlement with victims of the Gulf of Mexico oil spill after failing to satisfy judges that a claims administrator is misinterpreting the deal.

BP must resume paying millions of dollars in business-loss claims that were temporarily halted in December while the company fought to block payments over losses not

Gold Fix Study Shows Signs of Decade of Bank Manipulation

Posted by Forexsq 54 days ago (http://www.bloomberg.com)
img The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.

Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior and should be investiga

Gold flat after weak Empire State data

Posted by Forexsq 64 days ago (http://www.marketwatch.com)
img Gold futures edged higher Tuesday after weaker-than-expected data on manufacturing activity in the New York area underlined concerns about the momentum of the economic recovery.

China Gold Jeweler to Pay $665 Million for U.S. Oil Operator

Posted by Forexsq 64 days ago (http://www.bloomberg.com)
img Goldleaf Jewelry , a Chinese jewelry retailer with gold mining investments, plans to buy U.S. oil and gas operator ERG Resources LLC for at least $665 million. Goldleaf’s shares surged.

The Beijing-based company will pay for the acquisition with a private share placement, raising as much as 5.7 billion yuan ($940 million) from no more than 10 investors, Goldleaf said in a statement today to th
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