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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (2968)	12/8/2003 9:20:40 AM
From: mishedlo	Respond to of 110194

commercial gold position is meaningless to me, because I don't understand it. Think of commercials as producers. Those who mine gold, grow soybeans, mine silver, raise cotton etc etc etc will always be short. Other commercials, who directly use the commodity, garmet makers, bread makers, jewerly producers lock in prices that they are happy with or think they can at least sell their stuff at a profit with. Neither class of commercials can be squeezed so all this talk about squeezes, commercial shorts having to cover, etc etc etc is nonsense IMO. As for how much reserve gold is REALLY in fort knox, I have no idea. M