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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (105152)5/28/2001 5:47:57 PM
From: Real Man  Read Replies (1) of 436258
 
There is a physical component to gold. What if these funds who went long decide to take delivery? That will shoot the price of gold up together with lease rates and burn gold shorts big time 65000 contracts = 6,500,000 Oz. Comex now has ~824,918 Oz. Delta hedging caught on the wrong side may result in an explosive move... (Stock crash of 87).

It's going to be an interesting week for gold.... Of course, given recent COT, gold bulls must be cautious.
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