Our analysis of mid-sized endowments reveals that, although it's good to be big, it's not decisive for investment performance. In fact, some of these mid-sized overachievers produced industry-leading returns.
The gold futures reached $1,343.60 on Aug. 12, the highest level in about three weeks. The speculators net combined shorts positions in gold declined by a staggering 23,518 contracts in the week ending Aug. 6.
The CFTC managed money combined total positions in gold jumped to 70,067 contracts as of July 23 from a recent low of 31,197 contracts as of June 25. The speculators believe that the Fed is unlikely to hurry the tapering.
U.S. oil production is soaring, hitting the highest level in 22 years at 7.55 million barrels a day! Oh sure U.S. oil supplies fell by 2.8 million barrels but that was mainly because U.S. refiners went on a tear producing product.