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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5231)	1/7/2010 7:28:59 AM
From: Real Man	Read Replies (1) of 26251

FWIW, this is not very inspiring for US dollar bulls. A new COT speculator LONG record, so quickly. This is more of a sentiment value, since the value of USD is mostly determined by EUR/USD pair trading. That said, the ramp of spec long positions in such a short time is truly amazing. From short in December to record long now. Well, the chart speaks for itself. 3.bp.blogspot.com P.S. I don't think gold is going to 700, or will see prices below 1K ever again. More likely the correction is over and gold is headed to new all time highs

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