Loading ...Hedge Funds Pile Into Gold At Fastest Pace Since 2007
by Tyler Durden
Jun 1, 2017 4:15 AM
Hedge funds are jumping back into gold.
Money managers boosted their long positions in U.S. futures by the most in almost a decade in the week ended May 23, Commodity Futures Trading Commission data show.
As Bloomberg notes, bullion futures have posted three straight weekly gains, helped by U.S. and European political angst that has boosted demand for the metal as a haven.
http://www.zerohedge.com/news/2017-05-31/hedge-funds-pile-gold-fastest-pace-2007
Relax. When they’re all in paper gold the commercials will slam the price down again. Same story over and over again but with higher lows and higher highs as the bull market continues to pick up speed. Buy physical at the higher lows. If manipulation ever ends you’ll know it because gold will rise by 100s or 1000s. In a day like it used to when real markets existed.
After nearly 20 years of watching the gold price and PM market news daily, I stopped doing so. It’s a waste of time. And so is investing more the 5 or 10% of your portfolio. Have some sure, accumulate some sure. But theres many more opportunities out there and the world will continue tomorrow. It will be manipulated as long as there are computers in this world
A couple of things I’ve noticed:
The goldbugs are sad, defensive and very jealous of BTC’s current rise.
The cryptokiddies are angry and full of angst and love to call people names if everyone doesn’t believe in their new utopia.
I think the cryptokiddies are going to make a lot of money.
I also think the goldbugs are also going to make a lot of money.
The future is uncertain, but we can all agree USD is going to die…and with it all fiat money.
Every day:
Debt levels continue to grow.
Unfunded liabilities continue to grow.
Wealth distribution continues toward the top.
The Great Reset gets closer.