From Bloomberg: Hedge funds increased bets on gold rallying after prices
plunged the most in 33 years, underscoring billionaire John Paulson’s view that
bullion will rebound.
Fund managers and other speculators increased net-long
positions in gold by 9.8 percent to 61,579 futures and options in the week
ended April 16, U.S. Commodity Futures Trading Commission data show. Investors
turned bullish on silver for the first time in three weeks. Wagers on higher
prices across 18 U.S.-traded raw materials climbed 5.1 percent to 453,467
contracts, the first gain in three weeks.
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