Hedge Funds Pile Into Gold At Fastest Pace Since 2007

Tyler Durden's picture

Hedge funds are jumping back into gold.

Money managers boosted their long positions in U.S. futures by the most in almost a decade in the week ended May 23, Commodity Futures Trading Commission data show. 

As Bloomberg notes, bullion futures have posted three straight weekly gains, helped by U.S. and European political angst that has boosted demand for the metal as a haven.

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HRH Feant2's picture

Joke? The barbarous relic is popular? Oh my!

East Indian's picture

Between these hedge funds and the Chinese, there will be no gold left in the market very soon. 

Ouch. Should have ordered some before blurting it out. 

Latitude25's picture

Relax.  When they're all in paper gold the commercials will slam the price down again.  Same story over and over again but with higher lows and higher highs as the bull market continues to pick up speed.  Buy physical at the higher lows.


If manipulation ever ends you'll know it because gold will rise by 100s or 1000s. In a day like it used to when real markets existed.

NewHugh's picture

I'm still completely supportive of manipulation.  Makes the acrual even easier...

aurum4040's picture

After nearly 20 years of watching the gold price and PM market news daily, I stopped doing so. It's a waste of time. And so is investing more the 5 or 10% of your portfolio. Have some sure, accumulate some sure. But theres many more opportunities out there and the world will continue tomorrow. It will be manipulated as long as there are computers in this world. 

Latitude25's picture

So back in 2000 when it was under $300 you don't think you should have invested more than 5 or 10%?

moman's picture

I agree with you bro.........but a falter in the cryptos.....and it will move to quick to grab.

BobBercy's picture

All we need now is for Gartman to turn positive and we will be set up for a trip back to USD1000oz.

RockySpears's picture

Can you be "Long" or "Short" Gold?


Surely it is either in your hand, or it is not?  


Am I missing something?



BobBercy's picture

You can borrow gold and sell it. Or you can short futures contracts for cash or physical settlement.

Zero Point's picture

Lol. Way to completely miss his point. Music. Chairs. Etc.

BobBercy's picture

Gold's poor performance since 2011 finally explained:

"I have been bullish on gold in non-U.S. dollar terms for years now," Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter told CNBC on Monday."

Altesh's picture

Ah so that's the reason for golds situation. It got Gartmanned. 

Grandad Grumps's picture

Whatever... I have no practical use for gold.

Did you know that the Guelph banking empire was so powerful in its time that it had the power to change China's currency base from silver to gold and England's from gold to silver... and they controlled the trade in between.

Owning gold will not add to the quality of my life. For that matter, money does not add to the quality of my life. Quality is not measured by price and that really confounds those who wish to rule us by corrupting us. They seek to convince us that money is the measure of our lives and that they are the path to money... and so control us.

Fuck them!

HenryKissingerBilderberg's picture

They seek to convince us that money is the measure of our lives and that they are the path to money... and so control us. Fuck them!

that is so anti-semite, goy

brushhog's picture

True, but unfortunately you need some money to live. I think the key is to minimize it's importance and remember that it is only one means to an end, not the end itself.

WillyGroper's picture

it was an arbitrage in both directions administered by the cabal long before Guelph.

it's always been manipulated.

more so since the advent of the stock market.

syzygysus's picture

A couple of things I've noticed:

The goldbugs are sad, defensive and very jealous of BTC's current rise.
The cryptokiddies are angry and full of angst and love to call people names if everyone doesn't believe in their new utopia.

I think the cryptokiddies are going to make a lot of money.
I also think the goldbugs are also going to make a lot of money.

The future is uncertain, but we can all agree USD is going to die...and with it all fiat money.

moman's picture

I think the cryptos are the second step in getting everyone chipped 'ala Mr. Russo'.....the first step was fiat. 

hidflect's picture

Somebody remembers Russo. Wow. Faith restoresd.

fockewulf190's picture

Every day:

Debt levels continue to grow.

Unfunded liabilities continue to grow.

Wealth distribution continues toward the top.

The Great Reset gets closer.

tmosley's picture

The Debt has gone down by ~$100 billion since Trump took office.

A cure for aging is imminent now that it has been deemed a disease. Without old people, there is no reason for pensions or government health care. 85% of the US budget disappears in an instant.

When the facts of the situation change, should not your thesis also change?

RockySpears's picture

"and with it all fiat money" 


but you say; "I think the cryptokiddies are going to make a lot of money."


  Is Crypto NOT fiat?


Do you require Gov. to say it is currency?  (to make the Fiat bit true)



Manipuflation's picture

Someone had better start piling in here soon because I don't see anything going on.

johnjkiii's picture

They must be piling out as of today's futures print!

Manipuflation's picture

Did the price change yet?

Hal n back's picture

About 2 years ago cme placed stops on gold ans silcer where gold will stop trading when futures are up 100, and close for the day when up 400.

They did that when gold was around 1100. How many down 400 days can you have when its 1100.

eeaton's picture

If they are buying futures on the CRIMEX take delivery!!

Sir John Bagot Glubb's picture

Yea, just piling in so hard that gold went up $5 or $8 per ounce yesterday and is back down to $1,266 As I write this.

youngman's picture

didnt move much...but then it does not anymore....the Central Banks have said 1200 is the number..and that is where it stays

moman's picture

This is a Greenback fiat story, they can crash it anytime, and will, as soon as they get all the suckers at the table......end of story.

Manipuflation's picture

The story is that I don't sell gold anyway. 

Manipuflation's picture

Had I sold at $1900 we would have went out for a cocktail.  Just keep buying as you can.  We could have had a lot of fun at the nudie bar though.  We likely could have bought the place.LOL  Great, then we would have a whole bunch of women to deal with so we would have to pass on that.  

We are OK. 

Manipuflation's picture

I am taking a beating on gold, silver and platinum this morning.  What ever shall I do?  Buy more? 

Exponere Mendaces's picture

This is like other ZH truisims that haven't panned out.

Remember after 2008 when it was "any day now.... the markets will RESET".

We're in 2017 and jack shit has happened. But yeah, "any day now..."

And in this article we're being told that big money is flowing into the gold market. Lets check prices, shall we?

Gold $1,262

Bitcoin $2,441 (Bitstamp)

Oh yeah, that's some big money all right. Big nothingburger, more like... LOL

P.S.(And its hilarious the mouth-breathers in the ZH comments have latched on to the "any day now" meme in reference to Bitcoin "crashing to zero". Its like they can't help themselves after being indoctrinated by the master.)

GRDguy's picture

Two physical Krugerrands for a bitcoin; no way.

They can stay lost for a while longer.

Uranium Mountain's picture

And when the fraudulent Market drop, Securities margin calls will happen and they'll dump their paper contracts and the price will drop substantially.

gdpetti's picture

Yeah, that has always been the case... but the drop continues to shrink... but the inevitable is unavoidable... same with any lie.... even those supported by over 22 trillion in fiat.... what is artifically suppressed will react naturally when the dike can no longer be plugged... the opposite of what's happening in the digital BitCoin world... which shows you who is behind that 'new' fiat system... isn't it obvious? One you hold, the other you trade. Simple... but trading in an artificial environment in like playing a game of musical chairs...