gazza Posted July 18, 2010 Share Posted July 18, 2010 My link Hedge fund develops taste for chocolate assets By Jack Farchy in London Published: July 16 2010 22:33 | Last updated: July 16 2010 22:33 A London hedge fund has swept up a large chunk of the world’s stocks of cocoa beans, helping to drive prices of the basic ingredient of chocolate to their highest level in 33 years.(which it has managed to do ) Traders said that Armajaro, which runs several commodities funds, took delivery on Friday of 240,100 tonnes of cocoa, the biggest delivery from London’s Liffe exchange since 1996 and equal to about 7 per cent of annual global production. ... This is meant to be the entire physical stock held in Europe. No doubt most will curse the hedge fund, but I think they have a role to play in the market. Clearly they believe Cocoa is undervalued and their actions will ensure a correction If the price of Cocoa was higher then there wouldn't of been a buying opportunity. the things ppl will do to make a £ Link to comment Share on other sites More sharing options...
thebees Posted July 18, 2010 Share Posted July 18, 2010 Damn I knew I should have invested in the chocolate bonds when Hotel Chocolate offered. Link to comment Share on other sites More sharing options...
manshimajin Posted July 18, 2010 Share Posted July 18, 2010 What next? Cornering the market in toilet rolls? Link to comment Share on other sites More sharing options...
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