Warning: call_user_func_array() [function.call-user-func-array]: First argument is expected to be a valid callback, '' was given in /home/content/50/8762750/html/wp-includes/class-wp-hook.php on line 298

Monty’s Interview with Bloomberg Reporter Whitney McFerron, “Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities”

Monty’s Interview with Bloomberg Reporter Whitney McFerron, “Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities”

“Commodities have been under pressure for very big, macro reasons for the last several months, and that pressure is ending,” said Monty Guild, the founder and chief investment officer of Los Angeles-based Guild Investment Management Inc., which manages $170 million. “We think commodities are going to go much higher because this new banking situation in Europe is going to create a lot more liquidity in the world system.”

Funds poured $423 million into commodities the week ended Oct. 26, before the European bailout was announced, said Cameron Brandt, the director of research at Cambridge, Massachusetts- based EPFR Global, which tracks investment flows.

U.S. consumer confidence unexpectedly rose in October from the previous month, indicating the biggest part of the economy will keep the recovery intact. The Thomson Reuters/University of Michigan final sentiment index climbed to 60.9 from 59.4 in September, data showed on Oct. 28. The gauge was projected to drop to 58, according to the median forecast of 66 economists surveyed by Bloomberg News.

 

Please click here to the full article.