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Slimprofits
01-12-09, 09:33 AM
JANUARY 12, 2009

A Wave of Buying Hits Commodity Funds (http://online.wsj.com/article/SB123172386182072515.html?mod=googlenews_wsj)

By CAROLYN CUI

In recent weeks, commodity funds have seen an influx of several billion dollars, a stark reversal from the brutal forced selling that dominated the second half of last year.

Most of the money has flowed into long-only vehicles -- funds that bet on prices to rise -- suggesting a combination of investors' revived confidence and portfolio rebalancing. This wave of fresh buying is partly behind the rally in some commodities that petered out a few days ago, and could bring more liquidity into the market. (Please see related article on C8.)

"One thing that has changed significantly in recent weeks is the attitude of investors to commodity exposure," Barclays Capital said in a research note on Thursday.

In December, investors poured $3.9 billion into commodity exchange-traded securities, or ETFs and ETNs, which held a total of $36.2 billion in assets as of the end of 2008, according to fund data tracker National Stock Exchange.

Among commodities, oil and gold funds are among those seeing the most interest. Last month, the United States Oil Fund, the largest oil ETF, gained $2.06 billion in net assets, and $603 million went into SPDR Gold Shares, the largest gold ETF backed with the physical metal, over the same period, according to National Stock Exchange. A silver ETF, iShares Silver Trust, had a net inflow of $37 million.

PIMCO Commodity Real Return Strategy fund, the largest commodity index fund with $6.2 billion in assets, says it has seen a consistent cash inflow every business day through Thursday since Dec. 15. The fund had been losing assets since last summer. Meanwhile, some hedge funds that survived last summer's carnage are looking to open new funds.

cont.

phirang
01-12-09, 09:03 PM
that ended today...

D-Mack
01-13-09, 07:50 AM
Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil (http://seekingalpha.com/article/114215-marc-faber-jim-rogers-and-boone-pickens-bullish-on-oil?source=article_sb_popular)


oil still in the 30's

Shakespear
01-13-09, 11:24 AM
Since I'm a believer in the long term trend for oil I am in there buying.

Just wanted to brag that I was part of that Wave :D

Slimprofits
02-11-09, 03:54 AM
Bloomberg: Holdings in the SPDR Gold Trust (http://www.bloomberg.com/apps/news?pid=20601116&sid=akZr_MG9xWSA&refer=africa), the biggest exchange-traded fund backed by bullion, expanded to a record 894.72 metric tons yesterday. ETF Securities Ltd., which manages assets totaling $8.7 billion, said gold exchange-traded commodities attracted the most money last week.

Sales of 1-ounce American Eagle gold coins more than quadrupled in January, the U.S. Mint said. The Mint sold 92,000 of the coins last month, compared with 22,500 in January 2008.

jtabeb
02-11-09, 11:56 PM
Bloomberg: Holdings in the SPDR Gold Trust (http://www.bloomberg.com/apps/news?pid=20601116&sid=akZr_MG9xWSA&refer=africa), the biggest exchange-traded fund backed by bullion, expanded to a record 894.72 metric tons yesterday. ETF Securities Ltd., which manages assets totaling $8.7 billion, said gold exchange-traded commodities attracted the most money last week.

Sales of 1-ounce American Eagle gold coins more than quadrupled in January, the U.S. Mint said. The Mint sold 92,000 of the coins last month, compared with 22,500 in January 2008.

There's no bull like a gold bull.;)

Puts a tear in my eye.:rolleyes:

Slimprofits
03-02-09, 10:46 AM
J.P. Morgan Chase Bank, London - Economic Research - 02-20-09 (https://mm.jpmorgan.com/servlet/OpenPubServlet?skey=TU1SQy00OTQwNjItMSw0MjAsT1ZFUl ZJRVcyX0ZFRUQ%3D&Name=MMRC-494062-1.pdf):

Gold broke our previous near-term target of $990, but ETF inflows show no sign of moderation. We are long gold futures. Prices are likely to move towards a new record high soon and $1300 is a reasonable target over the next three to six months.

http://www.forexpros.com/news/commodities---futures-news/precious-gold-off-highs-as-mkts-fall;-haven-appeal-supports-32133

2009-03-02 13:22:16 GMT (Reuters)

"Nervousness in the financial sector is the single most important factor behind gold's strength," said Commerzbank analyst Eugen Weinberg.

The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, said it saw no fresh inflows on Friday, though its holdings are at record levels.

"If ETF inflows remain absent from the market, we suspect that gold can test lower levels in the days to come," said UBS strategist John Reade in a note.

"But it is worth noting that our U.S. ETF desk reported the strongest buying interest for weeks on Friday, all from retail buyers," he added.