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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (87789)10/6/2008 1:29:05 PM
From: Real Man  Read Replies (1) | Respond to of 116555
 
250 is a line in the sand for HUI. Let's see if it holds.
Spec futures long positions are still substantial, but gold and
silver could soar again near delivery time, as the physical
tightness hits the futures markets. Long USD and short Euro
spec. positions are also at a record.

Basically, PM markets are caught in between futures liquidation
and physical buying. It is usually the physical buying that
turns the market