28 September 2012
Basically, funds haven't been doing so hot. It's no wonder hedge funds are closing up shop - liquidations were up by 14% yoy in the first half. And fewer new funds are being launched.
I came across a Bloomberg article today with more discussion on hedge funds and silver:
Hedge funds are the most bullish on silver in seven months and investors' holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth.
Wagers on rising prices jumped 10-fold since June, U.S. Commodity Futures Trading Commission data show.
No new recommendations or adjustments at this time.