The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: stockycd who wrote (1602)	10/18/2007 8:45:38 AM
From: Real Man	Read Replies (1) of 71456

Huge spec position in gold could mean 2 scenarios: 1) A large drop for gold as they exit. 2) Sharply rising gold price as they take delivery. More often we should have (1). Gold sure got a lot of positive momentum here, and who knows where it will stop. It's over the 760 barrier, and it could fly all the way to 800 before a reversal. That would be bad for the dollar. If they can take it down to the stop levels of the specs, it will drop fast.

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