Down below, the workmen had prepared a metal net, which was fixed to the ground with long nails, all around the space where the crane was slowly lowering its load.
Speculators in the legacy report also were net-buyers of the red metal, as their net-long increased to 23, 786 contracts.
FORBES: FOCUS: Speculators Take Big Long Positions In Gold - CFTC
Managed-money accounts returned to being net long in copper after spending two weeks net short the metal.
There are some ideas the country could become a net-importer of the metal.
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It comes as the group reported a 58% fall in half-year net profit, knocked by weaker metal prices.
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal.
FORBES: FOCUS: Short Covering, New Buying By Speculators Seen In Gold -CFTC
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts greatly increased their net-long positions in the yellow metal.
FORBES: FOCUS: Speculators Take Big Long Positions In Gold - CFTC
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts sizably increased their net-long positions in the yellow metal.
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal, following several weeks of a decrease.
Meanwhile, the funds extended their net short position for copper, the lone base metal included in the data.
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In fact, Apple's net margin of 3.9% is more comparable to metal-benders like General Motors (4% last quarter) than to the computer industry.
The additions to net longs, however, suggest that investors remain positive about the medium-term outlook for the metal.
FORBES: FOCUS: Speculators Add To Bullish Gold Positions For Sixth Week - CFTC
This is the biggest net-short position for speculators in the disaggregated report since it started in September 2009 for the red metal.
FORBES: FOCUS: Speculators Pick Up Gold, Shed Other Precious Metals In CFTC Data
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