Hedge Funds Betting on Commodities

With gold, copper and other precious metals reaching all or near-term highs, hedge funds are making their biggest bet in years that commodities will continue to rally.  According to Commodity Futures Trading Commission data, speculative bets on commodities reached the highest level since at least February 2006.

And, according to Barclay Capital, about 75 percent of respondents surveyed  last week in New York predicted a bigger inflow into direct commodity investments next year.