“Commodities have been under pressure for very big, macro reasons for the last several months, and that pressure is ending,” said Monty Guild, the founder and chief investment officer of Los Angeles-based Guild Investment Management Inc., which manages $170 million. “We think commodities are going to go much higher because this new banking situation in Europe is going to create a lot more liquidity in the world system.”
Funds poured $423 million into commodities the week ended Oct. 26, before the European bailout was announced, said Cameron Brandt, the director of research at Cambridge, Massachusetts- based EPFR Global, which . . .
Continue Reading: Monty’s Interview with Bloomberg Reporter Whitney McFerron, “Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities”
