• 07 Jul 2009 at 3:50 PM

CFTC To Break Out Hedge Fund Positions

By Greg Michaels

Apparently last year’s failed witch hunt to “prove” that hedge funds were behind $150 barrels of oil has done little to change the CFTC’s mind about where spikes in commodity prices come from. In addition to pondering whether or not to set position limits on commodity futures contracts, the CFTC will now break down hedge fund positions on its weekly Commitments of Traders report. The CFTC will now have the transparency and data it so desperately wants so the world can see that it can’t prove its own conspiracy theory.
U.S. regulator to identify hedge fund bets in commods [Reuters]

Comments (9)

  1. 1
    Posted by guest | July 7, 2009 at 3:58 PM

    yeah, the increases are related to supply and demand (rolling eyes).

  2. 2
    Posted by guest | July 7, 2009 at 4:00 PM

    Mucho Gracias, Greg. Usted hace que quiere lanzarse abajo en un sombrero y comer gusanos del tequila hasta que mi estómago estalle de mi ano.

  3. 3
    Posted by guest | July 7, 2009 at 4:12 PM

    A welcome change. COT data isn’t always that insightful, now it’ll have a new meaning.

  4. 4
    Posted by guest | July 7, 2009 at 4:16 PM

    The newest constellation:
    **
    ***************************************** *
    *
    *********************************** * *
    * * **
    * * * *
    * *
    *
    *
    GREG

  5. 5
    Posted by guest | July 7, 2009 at 4:26 PM

    huh?
    this guy sucks

  6. 6
    Posted by guest | July 7, 2009 at 4:34 PM

    Just because there’s no conspiracy doesn’t mean that the speculative market is not deeply disfunctional.

  7. 7
    Posted by Anal_yst | July 7, 2009 at 5:39 PM

    So once again, regulation by obfuscation. Now all the HF/etc entities that play in these markets just go throw some more $$ at the lawyers and bankers to set up a few more levels of (offshore) subs and whatnot. Nice subsidy to the legal profession chaps.

  8. 8
    Posted by guest | July 7, 2009 at 10:57 PM

    @2
    Those are found in tequiza, dolt

  9. 9
    Posted by guest | July 8, 2009 at 12:28 PM

    @2 OK, that made me laugh and I enjoy Greg’s posts.
    Keep ‘em coming, Jose.

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