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

To: patron_anejo_por_favor who wrote (47114)	12/12/2005 6:49:37 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 110194

we're hearing "parabola"? i agree that the YoY gains have not been parabolic, but the annualized month-over-month gain is quite large and speculative exposure might be pretty extreme. from Friday's Lance Lewis: The COT report revealed that the net spec long position had risen once again to 191,000 contracts, although due to all the increased hedge fund activity of late that is “upstairs” on the OTC market and not on the COMEX, I’m not sure how helpful this indicator is. Since October when the funds began chasing gold, you’ll note that the COT has basically been pretty useless, or at least that’s been my conclusion. From what I am told, hedge fund long positions in gold are enormous right now for whatever that is worth.