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3rd October 2007, 09:18
Subject:Looking Back, To See Ahead
By: Theodore Butler
Overview: Leaving aside concerns about manipulation for now, the buying and selling in COMEX gold and silver contracts had nothing to do with the long-term merits of each. As such, it would be a mistake to read into the resultant price moves in gold and silver as being related to any legitimate fundamentals. The $100 gold price rally was all about big traders trying to make a quick buck on a purely technical move. How it turns out will be clear in time, but don’t delude yourself that it was anything but the COTs behind this move.
Link: http://news.silverseek.com/TedButler/1191421092.php
By: Theodore Butler
Overview: Leaving aside concerns about manipulation for now, the buying and selling in COMEX gold and silver contracts had nothing to do with the long-term merits of each. As such, it would be a mistake to read into the resultant price moves in gold and silver as being related to any legitimate fundamentals. The $100 gold price rally was all about big traders trying to make a quick buck on a purely technical move. How it turns out will be clear in time, but don’t delude yourself that it was anything but the COTs behind this move.
Link: http://news.silverseek.com/TedButler/1191421092.php