From Barron's Focus on Funds column Friday Feb. 22:
Dow Jones Newswires’ Matt Day finds a record number of bets on lower gold prices in the weekly Friday regulatory data on the market for the commodity’s futures and options.
From Day this afternoon:
NEW YORK–Money managers held a record number of bets on lower gold prices on the main U.S. gold exchange, according to data released Friday by the Commodity Futures Trading Commission.
Hedge funds and other investment managers tracked by the commodity regulator boosted their bets on lower Comex-traded gold futures and options by 33%, to 65,617 contracts, during the week ended Tuesday. That is the most in weekly CFTC data going back to June 2006....MORE
Money managers still held more bets that prices would rise than bets they would fall, though by the lowest margin in more than four years. Their net long, or the amount of bets on higher prices less the number of bets on lower prices, stood at 42,318 contracts, the least since November 2008....