Thursday, January 26, 2006

Golden toughts…

Why fight the forex of nature? As we all know the ESF is a leading force in the gold market. Now we all have to ask our selves – what happen when the ESF decide to change position and close all of its short positions and go long? After all the gold market at much higher levels will have the capacity to accommodate much of the paper liquidity plus the Fed should still be the largest gold bug on earth.

Link to ESF

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