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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (81104)	4/24/2007 1:36:32 PM
From: Perspective	Read Replies (1) of 110194

This is why I remain skeptical about gold strength/dollar weakness going forward: <huge speculator net long position in COMEX gold futures, especially as it coincides with DXY hugging multi-decade support levels (note in this context that the biggest component of DXY is the Euro with an almost 60% weight, and specs are extended in the Euro as well).> It's good to remember that support levels are, well, supportive. And China is just nuts right now. Have you seen some of the charts I posted off Yahoo China? Message 23485910 Just flipping the page down key quickly shows you how nuts it has become, especially in the past four months or so. I wouldn't want to be long anything with a link to China at this point. BC

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