{"id":54086,"date":"2016-08-29T08:50:35","date_gmt":"2016-08-29T12:50:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=54086"},"modified":"2016-08-29T08:50:35","modified_gmt":"2016-08-29T12:50:35","slug":"hedge-funds-bail-on-copper-as-goldman-sees-supply-storm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2016\/hedge-funds-bail-on-copper-as-goldman-sees-supply-storm.html","title":{"rendered":"Hedge Funds Bail on Copper as Goldman Sees \u2018Supply Storm\u2019"},"content":{"rendered":"<p>(Bloomberg) Copper is stuck in a rut.<\/p>\n<p>While other metals have shined in 2016, copper has struggled to gain traction and last week erased its gains for the year. Demand in China, the world\u2019s biggest user, is slowing just as Goldman Sachs Group Inc. predicts a \u201csupply storm\u201d will hit the market and drag prices even lower. <\/p>\n<p>Stockpiles of the metal are ballooning, further pointing to a demand slowdown. Inventories monitored by the London Metal Exchange have jumped to a 10-month high. Supplies are likely moving out of China and into warehouses tracked by the LME, Commerzbank AG said in a report Aug. 24. The hoard underscores why money managers are betting on more price declines.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-08-28\/hedge-funds-bail-on-copper-as-goldman-predicts-supply-storm\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Copper is stuck in a rut. While other metals have shined in 2016, copper has struggled to gain traction and last week erased its gains for the year. Demand in China, the world\u2019s biggest user, is slowing just as [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54086","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=54086"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54086\/revisions"}],"predecessor-version":[{"id":54087,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54086\/revisions\/54087"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=54086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=54086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=54086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}