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To: gold$10k who wrote (6784)6/15/2007 4:14:09 PM
From: chainik  Read Replies (2) | Respond to of 29622
 
Certainly very positive. Also it has been a good idea to assume that small specs are "dumb money"; these guys are now long about 22 K contracts, which is very low historically. Also "buy".

Kind of amazing IMO, but commercials are now net long NDX+SPX+DOW (with minis) by about $8 billions. They don't go long often, and this is the largest net long position in 7 years.

Based on COT, everything is going to the moon :)