The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (7772)	5/26/2008 3:19:43 PM
From: Real Man	Read Replies (2) of 71454

Gold COT is pretty meaningless, although spec liquidation CAN an occasionally does lead to large drops. For example, gold rallied from 450 to over 700 in late 2005/early 2006 as commercial shorts DECREASED from 212K to 166K. One can say that the sharp drop from over 700 in 2006 was caused by spec liquidation, but then why didn't it happen at 450? Similarly, Commercial shorts were 239K in early October 2007 when gold was at 700 and at 240K in early March when gold was above 1000. Gold powered up more than 300, while spec longs did not change. This looks more like riding the trend than driving the trend. Either that, or speculators are constantly requesting delivery of the physical, and are thus long term investors. timingcharts.com

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