Precious Metals Report – “The Heretic Foundation “

- May 16th, 2011

IBTimes reports that the most recently available CFTC position tracking data revealed that fund participants have slashed their cumulative net-long contract holdings by about $17 billion.

IBTimes reports that the most recently available CFTC position tracking data revealed that fund participants have slashed their cumulative net-long contract holdings by about $17 billion.

The market news is quoted as saying,

If there was any “good news” to report in the trader positioning statistics, it would be that ETF holdings of platinum witnessed a modest increase last week and finished the reporting period at cumulative balances that were only slightly off from the year’s high water mark of 1,296 million ounces (at 1,292 million ounces) for the noble metal. However, the holdings of long positions in palladium fell rather dramatically, losing 256,000 ounces and scoring their second largest decline of the year.

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