Hedge Funds Take Bullish Gold Bets to Highest Since 2011: Chart

by Luzi-Ann Javier

For gold bulls, it looks like the good times of five years ago all over again, at least in one respect. Money managers boosted their net long positions to the highest since 2011, when gold prices surged to a record. Wagers on price gains climbed 27 percent in the week ended May 3, days before a Labor Department report showed U.S. employers added the fewest workers in seven months, weakening the case for the Federal Reserve to raise rates.

Continue Reading at Bloomberg.com…