tag:blogger.com,1999:blog-546884093908579135.post7886016966532397866..comments2023-10-26T00:24:55.370-07:00Comments on Simple Digressions: Gold Looks Good In The Long-term But In The Short-Term Not NecessarilySimple Digressionshttp://www.blogger.com/profile/10996326569422618066noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-546884093908579135.post-71414561350421153152016-04-17T09:44:36.659-07:002016-04-17T09:44:36.659-07:00He was looking at early 2008 when COT was at 210,0...He was looking at early 2008 when COT was at 210,000. You are right there could be a pullback. With gold stocks so undervalued we could get up moves even if gold treads water. Thanks again for your great articles. I am long RIC, GSV, GOLD, GDX and GDXJ. Anonymoushttps://www.blogger.com/profile/08697330658841084056noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-62530459043548672422016-04-17T05:46:24.246-07:002016-04-17T05:46:24.246-07:00Well, the first chart shows the net position held ...Well, the first chart shows the net position held by spec. At the bottom in gold (October 2008) they were holding a net long position of around 70,000 contracts. It was not a high position...Simple Digressionshttps://www.blogger.com/profile/10996326569422618066noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-16006221299954352482016-04-17T05:29:04.072-07:002016-04-17T05:29:04.072-07:00Do you follow Fred Hickey on Twitter? He is a lon...Do you follow Fred Hickey on Twitter? He is a long time well respected financial writer. He comments regularly on gold. He recently said the high COT spec was also present at the bull market turn in 2008 and gold went up $1000 an ounce during the next three years.Anonymoushttps://www.blogger.com/profile/08697330658841084056noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-473818005764633452016-04-17T04:15:52.880-07:002016-04-17T04:15:52.880-07:00Harry,
I agree. I am in PM stocks and metal for th...Harry,<br />I agree. I am in PM stocks and metal for the long-term. But this blog is also read by the short-term players. I am just trying to be as unbiased (although I am a gold bug, definitely) as possible.Simple Digressionshttps://www.blogger.com/profile/10996326569422618066noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-41920162135634813922016-04-16T21:33:14.395-07:002016-04-16T21:33:14.395-07:00Good work, however given the four year bear market...Good work, however given the four year bear market that looks to be ending I am in for long term bull move. It is hard to play short term ups and downs. NIRP is going to support gold.Anonymoushttps://www.blogger.com/profile/08697330658841084056noreply@blogger.com