Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

ML, I just saw this comment on another board about gold shorts that ties in with what I was saying yesterday.

>>You keep questioning why the commercials are "selling" so much gold. As the
price of gold goes up they sell futures contracts to lock in profits. Most
commercials are "hedgers" so they, unlike specs, own the physical commodity.
They appear to be going against the current trend when in reality they are
not.<<

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