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21 Apr 2015
Money managers cut back long Gold positions - DB
FXStreet (Bali) - Money managers were seen cutting back on their net long positions in Gold last week, Deutsche Bank Strategist Michael Hsueh reports.
Key Quotes
"As prices declined for gold, money managers were seen cutting back on their net long positions by 7.7K contracts after two weeks of building length."
"As prices also declines for silver, money managers were seen reducing their net length by 8.4K for the second consecutive week now."
"Meanwhile, money managers were seen scaling back on net length for the second week by 1K contracts for copper as prices depreciated during this reporting week."
Key Quotes
"As prices declined for gold, money managers were seen cutting back on their net long positions by 7.7K contracts after two weeks of building length."
"As prices also declines for silver, money managers were seen reducing their net length by 8.4K for the second consecutive week now."
"Meanwhile, money managers were seen scaling back on net length for the second week by 1K contracts for copper as prices depreciated during this reporting week."