Adam Sarhan on the Gold Rebound

May 20, 2012 Debbie Jacobs Quote of the Day

Friday’s data revealed that hedge funds and other asset managers liquidated over $2 billion in gold futures over the course of the week. A powerful rebound sent potential shockwaves throughout the industry, however.

Sarhan Capital’s Adam Sarhan commented on the development, stating:

“It’s still too early to say if this rebound in wheat and gold will hold. But it’s safe to assume that at least some hedge funds got burnt this week trying to ride the two markets all the way down.”

Adam Sarhan, Gold Rebound, Hedge Funds, Quote of the Day, Sarhan Capital,

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