What are hedge funds telling us?

Is hedge fund positioning a forward looking indicator ... or, rather, a contrarian indicator? Bullish bets proved to be a good contrarian indicator for crude prices this year. A case could also be made to bet against the increased long interest of speculators in silver. But it probably makes more sense to bet against long interest in crude oil. And perhaps it also makes better sense to bet against the specs in copper ... 

Commodities Essential. 17 August 2012

Trade Essentials.

No new recommendations or adjustments at this time.