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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: mishedlo who wrote (269215)12/1/2003 7:17:46 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<Commercial short position is meaningless IMO.
They produce gold
They sell it>>

Not all of them do....look at GoldCorpse.

And not all of them sell forward (in fact fewer and fewer of them do). I understand your point, though, that the Specs are more significant on a week-in, week-out basis. I think we're in a long term bull on the bullion, and will be buying dips. The POG will be higher a year from now, in my mind the only question is will it be at 550 or 1550/oz....<G/NFG>
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