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Investors’ $102 Billion Metals Wager Showing Bull Market Intact

By   || February 8, 2011 at 01:49 GMT
|| 6 comments || Add comment

After the worst January for precious metals in two decades, investors still have a $102 billion bet on higher prices, hoarding more gold than all but four central banks and more silver than the U.S. can mine in almost 12 years…..per Bloomberg

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6 Responses to “Investors’ $102 Billion Metals Wager Showing Bull Market Intact”

  1. Q/A on February 8th, 2011 01:59 GMT

    David I’m sorry for the joking. When I look@ the eur/usd vs eur/jpy spreads. Also The strength of GDP vs USD as a proxy risk trade. Best wishes all. Still stuck in Port Douglas until Wednesday. Trade well.

  2. TRADRT on February 8th, 2011 02:24 GMT

    Hi, I would like to add a question in the QNA stack.

    How can a retail trader get implied probs for rate hikes (BOE, ECB, FED, RBA, BOC)? I noticed sometimes various options and futures are used for computation and sometimes swaps like EONIA and SONIA…is there a preferred method that the market cares about for the banks above? How do we compute prob for next rate hike? First fully priced in?

    I am a huge fan of the QNA section and FOREXLIVE in general, you guys are stars! If you can tackle this question I will forever be in your debt, thanks.

  3. David Horton on February 8th, 2011 02:56 GMT

    Hi Tradrt, in essence the market mostly takes the implication from the futures market and indeed the surveys are usually based on priced-in futures and the analysts’ overall views. The consensus is generally correct

  4. TRADRT on February 8th, 2011 05:11 GMT

    David, is there a place where I can view these implied probs, website etc..? Or would I have to learn how to compute them myself?

  5. David Horton on February 8th, 2011 05:35 GMT

    Hi Tradrt, let me think about that and revert….sorry for delay I was doing the wrap

  6. TRADRT on February 8th, 2011 05:45 GMT

    np: Your help is GREATLY APPRECIATED!!! If something comes to mind and you get a chance please post it in the QNA.

    Thanks a million, you guys rule.

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