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


To: regli who wrote (31483)4/30/2005 9:15:10 PM
From: Square_Dealings  Read Replies (1) | Respond to of 110194
 
the guy is totally missing the point though that 90% of the time the small specs are not intending to take delivery of the gold that the commercials are selling by going short.

so eventually, and its happened every time the ratio of commercials to small specs reach and extreme, the price drops sharply to correct the imbalance

he is right that gold has gone up with the commercials short but the price has corrected many times along the way when the ratio gets too big

m



To: regli who wrote (31483)4/30/2005 9:54:58 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<small specs are extremely bearish which should from a contrarian perspective be bullish for gold.>>>

How are small specs bearish?
softwarenorth.net

BTW, have you read anything by Hamilton which hasn't been bullish on gold?