Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world’s biggest money manager, said it’s still bullish.
Hedge funds increased positions on a gold rally by the most in three weeks as central banks signaled no end to economic stimulus, driving prices higher just as analysts and traders turned the most bearish in three years.
Though resource nationalist rhetoric will persist through the 2014 polls, the government usually weakens its nationalistic stance following the polls and is more likely to wait for a concession to expire than single out a concession pre-emptively.
The poor Republicans have their Mitt in the wringer. Everyone is ranting and raving against him. Why? Well, he's mostly right. But the 47% that Mitt was talking about don't really live "off the government."
Spot gold dealings commenced the new trading week with a loss of $6 per ounce and the yellow metal was quoted at $1,767 on the bid-side. Silver prices fell by about a dime per ounce and initial indications came in at $35.32 the ounce in the white metal.
In a word, no. Simply put, we have seen a correction or retracement of the massive gains of the past few years. There may be more backing and filling for a few months before the sector begins its next impulsive advance.
Nuclear power was gaining a lot of momentum prior to the terrible disaster at Japan's Fukushima power plant in March. But since then, atomic energy has come under increased scrutiny and once again drawn the ire of environmentalists.