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

To: russwinter who wrote (36112)7/15/2005 5:05:17 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
The COTs are modestly constructive, but I doubt we get more than a small bounce before gold and especially gold stocks hit the skids again.

I am looking for the commercial shorts to get very close to zero before the gold bull resumes in a major way. And that probably means a visit below $400.



To: russwinter who wrote (36112)7/16/2005 3:53:26 AM
From: mishedlo  Respond to of 110194
 
Commercials are long 72,802 Yen, that has to be a record.

This is puzzling given the fact that there are huge bets on an RMB repeg.

Is this a short hedge on behalf of those trading the RMB currency flat out?

If so, I think the commercials are wrong and more or less they all lose when nothing happens.

Mish


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