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Post# of 648882
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Tuff-Stuff

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Re: Tuff-Stuff post# 484730

Sunday, 11/18/2012 4:51:13 PM

Sunday, November 18, 2012 4:51:13 PM

Post# of 648882
Hedge funds cut bullish commodity bets for a sixth straight week, the longest slump since the depths of the global recession four years ago, on mounting concern that economies are slowing.

Money managers lowered combined net-long positions across 18 U.S. futures and options by 17 percent to 772,512 contracts in the week ended Nov. 13, Commodity Futures Trading Commission data show. Holdings have tumbled 38 percent since Oct. 2 in the longest retreat since August 2008. Investors turned bearish on copper for the first time since August.

Commodities are headed for the first annual loss since 2008 as weaker growth and more supply will mean surpluses in sugar, aluminum and zinc, according to Morgan Stanley.

more http://www.bloomberg.com/news/2012-11-18/hedge-funds-cut-bets-in-longest-retreat-since-2008-commodities.html

Concentrate, and ASK the 8-Ball!

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