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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: jitka who wrote (90583)	10/15/2009 10:16:26 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Yes, and the COT is problematic for gold. However, this is also not very meaningful, as could simply reflect investment demand via GLD. That said, such lopsided positions can lead to sharp corrections. nowandfutures.com 321gold.com The unknown is investor's demand and fear of printing. The liquidity in precious metals is not that high, so fund managers just taking them seriously and allocating as little as 0.5% to them will drive them through the roof. Then again, it might not happen. Here is an example of what happened to silver when Warren Buffett allocated something like 500 million to purchasing 100 Million Oz of silver in 1997-98, a small amount for him, comparable to some single stock holdings. He has sold it since. He purchased Silver Between Summer 97 and Winter 98. The price doubled.