http://www.bloomberg.com/news/2011-07-24/investors-boost-bullish-commodity-bets-on-global-growth-to-stay-resilient.html
Speculators raised their net-long positions in 18 commodities by 16 percent to 1.26 million futures and options contracts in the week ended July 19, government data compiled by Bloomberg show. That’s the biggest gain since early August. Bullish silver holdings climbed to the highest since May 3.
“There will be a pick-up in U.S. growth and also in Japanese growth in the third quarter,” Walter “Bucky” Hellwig, who helps manage $17 billion of assets at BB&T Wealth Management in Birmingham, Alabama, said in a telephone interview. “We haven’t seen any evidence of a hard landing inChina. If there is some type of resolution in Europe, even if it’s a short-term one, that could create a boost too.”
Hedge funds and other money managers lifted their net-long silver position by 19 percent to 24,740 futures and options contracts, the third straight gain, data from the U.S. Commodity Futures Trading Commissioned showed.
Speculators raised their net-long positions in 18 commodities by 16 percent to 1.26 million futures and options contracts in the week ended July 19, government data compiled by Bloomberg show. That’s the biggest gain since early August. Bullish silver holdings climbed to the highest since May 3.
“There will be a pick-up in U.S. growth and also in Japanese growth in the third quarter,” Walter “Bucky” Hellwig, who helps manage $17 billion of assets at BB&T Wealth Management in Birmingham, Alabama, said in a telephone interview. “We haven’t seen any evidence of a hard landing inChina. If there is some type of resolution in Europe, even if it’s a short-term one, that could create a boost too.”
Hedge funds and other money managers lifted their net-long silver position by 19 percent to 24,740 futures and options contracts, the third straight gain, data from the U.S. Commodity Futures Trading Commissioned showed.
No comments:
Post a Comment