The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (1628)	10/18/2007 11:11:03 PM
From: Real Man	Read Replies (1) of 71456

Gold will tend to get volatile around futures rollover or options expiration. Large spec futures longs can be reduced in 2 alternative ways 1) Taking profits without rollover - bearish 2) Taking delivery, even on 10% of OI - extremely bullish GLD fund is a large spec in the futures market that is taking delivery. Its OI corresponds to investment demand for physical gold. I sold about 1/3 of the gold lately and rolled it into Yen. Also dollar bearish, but might be less risky. Very happy with the profits -g-

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