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Alt 02.10.2007, 10:01   #100
Graf
"It's Gold, Mr. Bond!"
 
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Registrierungsdatum: Oct 2003
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COTs and the Commercials





The chart above shows the COT figures for the net positions of Commercials and Large Investors in Comex gold futures during the past 3 years. The chart shows that the Commercials have increased their net short position in gold futures to the largest level in some years. One has to go back to October 2005 to find a similarly large net short position. The other side of the trade has been taken by Large Investors and their net long position is now also at its largest, again the same as it was in October 2005.

What happened after this situation last occurred in 2005? The gold price then was $470 and it subsequently embarked on a rapid rise to $730 (a gain of 55%) in just 7 months! If the same thing happens on this occasion, a 55% gain would place the gold price at over $1,000 within 7 months - and that would be VERY bad news for the Commercials.

1 Oct, 2007
Alf Field

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"Inflate or die" - Helikopter Ben wird für die größte Liquiditätshausse aller Zeiten sorgen. Ziele 2008: DAX 10.000 - DOW 20.000 - NIKKEI 26.000 - HUI 600.
"But the U.S. government has a technology, called a printing press that allows it to produce as many U.S. dollars as it wishes at essentially no cost.""..when the fundamentals of the economy suddenly deteriorate, the central bank should act more preemptively and more aggressively than usual in cutting rates."

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