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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.63-0.1%Jan 13 4:00 PM EST

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To: Tommaso who wrote (101874)7/13/2013 9:39:47 PM
From: carranza2  Read Replies (2) of 219333
 
The thinking (not originally mine) is that the big US banks are complicit in the ongoing manipulation and that their future thinking (informed or even directed by the Fed) can be teased out of the Bank Position Reports (BPRs) filed with the CFTC. Although they deal with both futures and options, my guess is that the futures are significantly more informative than the options.

Haven't followed the Bank Position Reports until recently. The banks turned net long in June, signaling a rally. Before then, they were short. In fact, they were short all year until June. In January and February, they were massively short, signaling a horrible Au market which, of course, is precisely what happened.

The big banks are certainly a bunch of prescient geniuses, aren't they?

Surf the manipulation, embrace it. Certainly a waste of time to bitch 'n moan about it.

It would be interesting to chart the BPRs against POG for the last year or so.
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