By Henry Sanderson
Financial Times, London
Sunday, July 5, 2015
A Chinese hedge fund that made a huge bet against copper has closed out its entire position in the metal, as the selloff in the country’s stock market forces investors to pull money out of other markets.
A unit of Shanghai Chaos, a fund that held the biggest short position in Shanghai copper, was no longer in the top 20 holders of short copper contracts Friday, data from the Shanghai Futures Exchange showed.
Chinese hedge funds rely on retail investors much more than their Western counterparts. It is not clear whether Shanghai Chaos made the copper move as a trading decision or because it needed to return money to investors. ...
... For the remainder of the report:
http://www.ft.com/intl/cms/s/0/aadf1092-2193-11e5-ab0f-6bb9974f25d0.html [1]
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
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http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland [3]
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Email the GoldCore team at info@goldcore.com [4] or call our trading desk:
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Visit us at: http://www.goldcore.com [5]
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
http://noic2015.eventbrite.com/?aff=gata [6]
The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015
http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2015 [7]
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell [8]
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html [9]
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal [11]
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