This is a great link thanks team. In the USA at the moment only 3 banks hold positions in the gold market. They have a short position 30 times larger than their long positions.
Non USA banks of which there are 20 are making their bets nearly 2 to 1 long against short, the USA banks 1 to 30 ratio short........
Someone has it wrong????? Who will it be!!!
http://www.cftc.gov/dea/bank/deadec08f.htm
12/02/08 CMX GOLD
lONG SHORT
U.S. 3 2,647 1.0 66,465 25.1 264,796
NON U.S. 20 27,931 10.5 13,891 5.2
---- --------- ---- --------- ----
23 30,578 11.5 80,356 30.3
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short pm positions now severely concentrated, page-8
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