The Real Deal About Gold and Energy

January 11, 2007 - The sharp decline in energy prices in 2007 and the decline in gold has a lot of people running for the hills, including many hedge fund managers who don’t want to become the next Brian Hunter of Amaranth. I’ve stated this before and I’ll state it again. Precious metal ETFs and commodity futures are great for hedge fund managers but terrible for the average investor because hedge fund managers, for the most part, only care about trends and profits in their own wallet (but who doesn’t, right?). But by being able to buy and sell precious metals via ETFs, ETFs have increased volatility in these markets exponentially. Read more …

2 comments January 11th, 2007