Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Swamp -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (363)	9/10/2008 8:07:32 AM
From: TheSlowLane	6 Recommendations Read Replies (1) \| Respond to of 491

Rob Kirby on GS: September 2 session on the TOCOM Goldman Sachs COVERED an absolutely stunning 1,612 short contracts AND ADDED 351 LONG CONTRACTS to bring their long position to 1,049 contracts (a 50% increase in one session!!!!) and their net short position to 2,537 contracts (a 44% reduction in one session!!!). This is a NEW RECORD LOW for their net short position but beats the previous low by 1,963 contracts! This has absolutely astonishing implications for the gold market. GS is running for the hills. Clearly the gold market is headed MUCH higher. The activities of Goldman Sachs “shorting gold” on TOCOM [Tokyo Commodities Exchange] was first brought to my attention by Adrian Douglas via Bill Murphy’s daily Midas commentary at Lemetropolecafe.com. on Jan.10, 2006. Douglas has reported on Goldman’s daily TOCOM gold futures position changes for almost 3 years. With Goldman Sachs representing a defacto surrogate of the Federal Reserve – it is clear that the Fed is moving from being “overextended short” to flat – or possibly going long gold. I believe this transition is critically important – much like a fuse burning toward explosives.