Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Money managers hike bullish gold positioning
KITCO--- "Large speculators rebuilt bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC)....The commission issues two reports each Friday - a so-called 'legacy' report and a 'disaggregated' report, started in 2009 and meant to offer more detail. The disaggregated report shows that in the week to Dec. 17, money managers' net-long position rose to 201,721 futures contracts from 183,648 the week before....'With central banks keeping interest rates low, we are seeing gold buying on expectations we will get more demand in the New Year,' said Phil Flynn, senior market analyst with at Price Futures Group. 'Some people are also using it as a hedge against a rising stock market.' He explained that they also are looking at gold as a safety play in case stocks suddenly fall sharply from their recent record highs."
