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Bloomberg marvels that hedge funds can't beat central banks in rigged gold market
Hedge Funds Are Getting Their Gold Bets Wrong
By Megan Durisin
Bloomberg News
Sunday, October 25, 2015
Gold prices are befuddling hedge funds, which are posting a track record no better than a coin flip when it comes to betting on the metal.
The funds and other money managers have placed wrong-way wagers on gold in five of the past nine weeks, U.S. government data show. Last week speculators increased their net-bullish position to the highest since February just before the biggest price drop since August. The precious metal has fluctuated between year-to-date gains and losses more than a dozen times in 2015 as traders weigh a dimming global economic outlook against the prospect for higher U.S. borrowing costs. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2015-10-25/hedge-funds-get-gold-w...
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