Slate Grocery REIT T.SGR

Gold geting ready to pop...JMHO

[marketminer]

Exerpt from: https://www.kitco.com/ind/Murphy/apr272007.html ------------------------------------------------------------------- About 3/4 of the way down, look at the chart... gold price verses short position... Gold will break out soon. This is spawned buy the buying intrest, and Indias rise in the Rupee aids in the intrest of physical gold..JMHO ----------------------------------------------------------------- Bill, In the April 24 session on the TOCOM Goldman Sachs COVERED a very substantial 2,489 short contracts to bring their short position to 20,726 contracts. This is the LOWEST EVER short position they have held since I have been keeping daily data from Jan 13, 2006. I am not missing much data as they only joined the TOCOM in the last quarter of 2005. This beats the previous all time lowest net short position of 21, 676 reached only on 17th April, 2007. I have included an updated chart to demonstrate the dramatic change in position that is unfolding here The importance of this development can not be overstated. It can be seen that the only previous time when such a large reduction in short position was made so quickly against a rising gold price was during the meteoric rise to $725/oz last year. The gold price is not rising as steeply but it must be frightening the living daylights out of the Cartel because despite all the gold that the ECB can throw at the market the gold price has just trundled onward and upward like a CARTEL TERMINATOR! But there is another truly remarkable feature of the chart. Notice how from Jan to October 2006 the GS short position correlates perfectly with the gold price. As the gold price rises so does GS short position to try to slow down or stop the price rise. As the gold price breaks down the GS short position reduces as they cover on the downdraft. This is manipulation 101. But look what has happened since October 2006…the gold price and the GS short positions are trending in OPPOSITE directions. After covering shorts in the correction from POG $725 GS has CONTINUED reducing their short position even as the gold price turned around and started to rise in October 2006. This is a covering operation that has been on-going for 10 months, but it was only the covering of the last few days which made this downtrend channel the apparent dominant trend. This is GS RUNNING FOR THE EXITS. GS certainly wants to get out of Dodge in a hurry. I wonder if recurring nightmares of Lihir showing up on the TOCOM with 1.2 Billion dollars in cash in large suitcases wanting to buy 1.7 million ozs of gold for immediate delivery has got them worried! Cheers Adrian