http://www.bloomberg.com/news/2011-07-31/funds-lift-bullish-commodity-bets-to-six-week-high-as-silver-holdings-jump.html?cmpid=
Funds lifted bets on rising commodity prices to a six-week high after traders snapped up raw materials as alternative assets amid the escalating U.S. debt crisis.
Speculators raised their net-long position in 18 commodities by 10,063 futures and options contracts to 1.27 million in the week ended July 26, government data compiled by Bloomberg show. That’s the highest since June 14. Silver holdings rose for a fourth straight week, and bullish sugar bets climbed to the highest since February 2010.
Hedge funds and other money managers boosted their silver net-long position by 11 percent to 27,492 contracts, data from the U.S. Commodity Futures Trading Commission showed. The four weeks of gains was the longest string of increases since February. Bullish crude-oil holdings rose to a six-week high.
Funds lifted bets on rising commodity prices to a six-week high after traders snapped up raw materials as alternative assets amid the escalating U.S. debt crisis.
Speculators raised their net-long position in 18 commodities by 10,063 futures and options contracts to 1.27 million in the week ended July 26, government data compiled by Bloomberg show. That’s the highest since June 14. Silver holdings rose for a fourth straight week, and bullish sugar bets climbed to the highest since February 2010.
Hedge funds and other money managers boosted their silver net-long position by 11 percent to 27,492 contracts, data from the U.S. Commodity Futures Trading Commission showed. The four weeks of gains was the longest string of increases since February. Bullish crude-oil holdings rose to a six-week high.
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