Commodity Trade Mantra

Posts Tagged ‘Central Bank Credibility’

Money Managers Long Gold Positions Near August 2011's Record High

Having fallen to a net short position as The Fed tried to convince the world it was on a path to normalization, money managers have piled into gold futures at a record pace. The last time gold “net longs” were this high was August 2011, from where prices tumbled despite a near doubling of The Fed’s balance sheet. There’s still a lot of fear out there, but will gold bugs now be sitting ducks?

Central Bank Credibility, The Equity Markets, And Gold

Coming out of the Great Recession, central bank credibility – their ability to “pull us out” of the Recession – was being severely questioned by investors. Thus, a good portion of investor money found its way into gold. That changed in 2011. Central bank credibility is at a peak, so gold is in the dumps.

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