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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (100703)5/9/2008 10:29:10 PM
From: turbidite   of 206084
 
Maybe some permabear commentators have recently run up the white flag, but the folks who really don't get it, the small specs, have just gunned their net short position in Nymex crude to the highest levels since May 2007. It's not an absolute prerequisite, but you'd normally expect the wrong way willies to be quite long if we were at a meaningful top. The worst traders are definitely not "in" on this market yet.

softwarenorth.net
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