MMCLUB

[DAVE_007]

MSGI..I too think gold stocks may be where the action
is next few months..exderpt from article you may be interested in..

Unbelievable that the Commercials are now 532 tonnes net Short, an increase of 93 tonnes from Aug 26. The Non-Commercials are now 383 tonnes net Long and the Non-Reportables are 149 net Long. There is one hell of a battle brewing and all Goldbugs are betting that the Commercials lose big time and POG heads to +400

http://
www.cftc.gov/dea/options/deacmxlof.htm

With POG now within reach of 380, more of the Far Eastern and Mid Eastern buyers as well as their CBs are jumping aboard as Longs and is reflected in the increasing Non-Commercial net Long position. There are $2.5 trillion USD held in Forex Reserves globally, with $1.5 trillion USD held by the Asians led by China, Japan, and Taiwan. The Asian CBs hold less than 2% gold of their Forex as compared to 10 to 15% for the EU CBs. If 1% of the Asians Forex were converted to gold another 1230 tonnes would disappear as horde, adding further woe to the Western CB Commercials. Add to this the growing impacts of Muslim gold dinar and the increasing richer citizens of India along with great monsoons and it gets very frightening for the Shorts. No need to say more as the picture is very clear why POG +400 is a given and very soon.