Gold traders bullish as as investors' bullion holdings rise to a record high - The Economic Times

Gold traders bullish as as investors' bullion holdings rise to a record high - The Economic Times

Gold traders are the most bullish in three weeks as investors' bullion holdings rose to a record on mounting speculation that central banks will add stimulus to bolster economic growth.
Fourteen of 26 analysts surveyed by Bloomberg expect prices to rise next week, nine were bearish and three were neutral. Investors boosted holdings in exchange-traded products (ETP) to an all-time high of 2,585.1 tonne last week, valued at $142.4 billion, data compiled by Bloomberg show. Hedge funds' bets on a rally are near the biggest in more than a year, according to US Commodity Futures Trading Commission data.

Food for thought:
Virtually all of the financial mechanisms in our country are in the path of Sandy...