Basserdan, how Sophmoric.
The HUI has elasticity to gold of 3X itself......basic gold trader knowledge.
The small caps such as GSS, DROOY and CUSIF.ob...10X. CALVF BENGB and VGZ are even more highly levergaed than that.
As to the COT chart, do you own homework. That chart is valid through November 2002, with the Commercials net short on average all the way up to 390 from there, a mere 4 months down the road for that 10 year long chart.
If you are capable of studying it, it disctinctly shows the Commercials with their heads up their collective asses for a full decade.
Prove me wrong.
Learn to do more than cut and paste.