Salient to Investors:
Will Bertsch at BMO Capital Markets said all the sectors leading the market down are commodity-backed in some fashion, while today the sharp rise in ETF trading volume shows investors putting on hedges.
Jeffrey Sica at SICA Wealth Mgmt said commodities can’t appreciate without China being strong and would not want to try to call a bottom here. Sica said it is important to realize how much gold is used as collateral.
Viren Chandrasoma at Credit Suisse said many hedge funds are long gold on all the money-being printed by central banks.
Read the full article at http://online.wsj.com/article/SB10001424127887324030704578424253443034768.html?mod=googlenews_wsj
Click here to receive free and immediate email alerts of the latest forecasts.