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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (235501)	6/29/2014 1:49:14 PM
From: f-layer	1 Recommendation Recommended By Sailing2 Respond to of 314106

Agree with you re Butler's track record, but I don't really care. JPM, Scoria Bank and Co amping up their short position is always a concern.....amping them up in such dramatic fashion, even more so. I don't see the technical funds having covered their shorts as a bullish occurrence.....these guys simply live in reaction. When a market is so clearly 'gamed' (managed) the way the paper metals market are, buying SMA breakouts and selling SMA breakdowns just doesn't work - it might've years ago when you could attribute such technical action to underlying (not-yet-revealed) fundamentals, supply / demand, etc. Not sure what to make of this latest COT report. Is it all optics as you say? Is it possible that JPM has covered their massive short position on the sly....unbeknownst to the market. Are current fundamentals (inflation, Iraq, artificially low interest rates, monetary debasement, etc, etc) enough to decisively put Au $1320 into our review? So many questions.....so little time.