Gold declined another 6.5 percent since its great fall on April 15. Yesterday gold futures were volatile, after an initial loss in the day, the shares suddenly jumped up and closed up 3.12 percent. However today again they are back on the downward slope, SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading down 2 percent for now. The unexpected detraction in this safe haven asset and the corresponding positioning of hedge fund trades is something we...
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After a decade long rally, gold recorded its biggest two-day drop in 30 years during April. What triggered this sudden decline? Is this precious metal in bubble or is inflation going to revive its status as a safe haven asset? See the Great Gold Rout infographic from Saxo Capital Markets and have your say. The Great Gold Rout infographic 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Today’s Gold market has been volatile, as traders seem uncertain about what to do with the metal. According to MarketWatch, June gold deliveries were up on today’s market after seven days of losing value. The futures have been steadily losing value since last year, and have shown even greater losses so far in 2013. Gold Was Up On Today’s Market On today’s market, gold was up 1.3 percent per June ounce to $1,382.10. So...
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Silver fell to its lowest levels since September 2010, marking the biggest slump in four years. The sharp fall in silver resulted in the highest silver to gold ratio in about 33 months, reports Bloomberg. Making it the worst performer among the metals, silver has fallen 28 percent this year. The fall reflects that only industrial use is not enough to keep the prices up. In exchange traded products, holdings in the precious metal...
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John Paulson’s Paulson & Co has been marred by reports of declining returns recently, but the legendary investor quashed these comments in a sit-down at SALT Conference. Paulson said that the tales of his losses have been greatly exaggerated. The largest of Paulson’s holdings are still concentrated in gold—the top five include SPDR Gold Trust (ETF) (NYSEARCA:GLD), Sprint Nextel Corporation (NYSE:S), Life Technologies Corp. (NASDAQ:LIFE), AngloGold Ashanti Limited (NYSE:AU) and Realogy Holdings Corp (NYSE:RLGY). Paulson & Co. filed their 13F with the SEC...
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Richard Perry’s Perry Corp filed 13f yesterday with SEC. The notable buys and sells of the first quarter of the year are discussed below. Perry’s top five holdings are in American International Group Inc (NYSE:AIG), Lamar Advertising Co (NASDAQ:LAMR), NRG Energy Inc (NYSE:NRG), Hillshire Brands Co (NYSE:HSH) and CommonWealth REIT (NYSE:CWH), which is a new position. Sells Gold & Nexen In the fourth quarter of last year, Nexen Inc. (NYSE:NXY) (TSE:NXY) became a hot buy...
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“Davidson” submits: 5Yrs ago I indicated that commodities were overpriced due to an excessive fear that the US$ would collapse with overheated inflation as a result of increased Fed Reserve liquidity commonly called “The Bernanke Put”. The Fed has actually tried to create 2% inflation to prevent what they saw as a deflationary tendency which they felt could go out of their control. While we did see the indicators register 2% inflation briefly, they...
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GREED and fear is out with their latest report today title ‘Greed and Fear (In love with lukewarm)’. Every week we bring you the popular newsletter from CLSA analyst Chris Wood. Readers can check out last week’s report-GREED & fear: China, Hong Kong Data Discrepancy Highly Suspicious. Woods starts out noting that the recent BLS employment report was ‘perfect’. Not too warm and not too cold, this allows the Fed to continue easing at...
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David Einhorn Ira Sohn coverage brought to you by ValueWalk. David Einhorn will be speaking now at the 18th Ira Sohn Conference taking place in New York. Last year, David Einhorn took us around the globe and did not focus for more than a few moments on any specific topic/investment. Katya Watchel of Reuters commented that ‘Einhorn stock picks at conference fail to wow. However, there is always this year. Will Einhorn attack Green Mountain Coffee Roasters...
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Just yesterday we posted how of all BofA clients only hedge funds have been raking up their stakes in US equities, the trend seems ubiquitous. Societe Generale’s Hedge Fund Watch concludes the same, net long exposure in S&P 500 (INDEXSP:.INX) has been edging closer to an all-time high. Hedge funds added up to their longs against the backdrop of weak economic data in US, SocGen expects a major sell off in the second half...
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April saw hedge funds posting positive returns with most markets trending upwards during the month. In its Index Press Release published today by Eurekahedge, it highlighted its index was up 1.09 percent during April, while the MSCI World Index appreciated 2.02 percent in April. Japanese Hedge Funds Positive Returns Some of the key takeaways highlighted by Eurekahedge include Japanese hedge funds witnessing strongest April and 4-months on record returns, by appreciating 4.22 percent and...
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