By Joe Deaux
Bloomberg News
Saturday, July 25, 2015
Hedge funds are holding the first ever bet on a decline in gold prices since the U.S. government started collecting the data in 2006.
The funds and other speculators shifted to a net-short position of 11,345 contracts in New York futures and options in the week ended July 21, according to figures from the U.S. Commodity Futures Trading Commission.
Gold futures on Friday fell to the lowest since 2010 on the Comex, and the short wagers show investors expect the rout to deepen. Bullion has fallen almost every day in July, leaving the metal poised for the biggest monthly decline since June 2013. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2015-07-24/hedge-funds-hold-first... [1]
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