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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (14207)	1/6/2009 8:51:55 AM
From: SliderOnTheBlack	1 Recommendation Read Replies (1) \| Respond to of 50359

re: [""good point, however that big number in gold is equal to about 10,300 contracts. Volume in Feb 09 Gold today is 87,896"] I think Sinclair answered that in his follow up email ... "$25,000,000,000 of index commodity funds follow the index readjustments made herein." Remember when Goldman "readjusted" the weighting of gasoline in it's commodity index? Have you noticed what FCX has been doing of late, re: the increase in the copper weighting? Ditto the crude oil plays. ***************************************************************** "In financial terms, we expect the rebalancing to have the greatest impact in gold, COMEX copper, crude oil, and live cattle. We estimate that the rebalancing of the two indices is expected to result in $877 million of selling in gold, $699 million of buying in COMEX copper, $528 million of selling in live cattle, and $523 million of buying in crude oil." ****************************************************************** SOTB