Quote Originally Posted by JBmurc View Post
In the October 22 session on the TOCOM Goldman Sachs COVERED 23 short contracts and BOUGHT 703 long contracts which brings their long position to 2,971 contracts and makes them now NET LONG 543 contracts. This is the LARGEST long position they have held in 30 months. In 30 months they have been net short every day except for two days. The only other day they were net long was on 9/29/08 and was only 28 contracts net long."
JBMurc

I always thought $US750/oz would be the bottom, before a spring back up past $US1000/oz again & beyond...

Gold smashed thru that barrier & down to a 12 month lows, so now im not so sure...

What i do believe is that Gold & in particular Silver will reach new highs sometime in 2009.

How long can the US keep printing money & putting a plaster on a shark bite?