coolies rule ... lol. We are the coolies of the future.
Anyway, an interesting observation from Jim Sinclair regarding the big increase in the commercial shorts (not CTO related, but interesting none the less - note the last sentence) ...
Golden Observation:
When in the 1970s did COT get it totally wrong? It was when the market broke above $400 thanks to the Saudis.
Today there are dire warnings that the gold breakout will fail because the commercials are at record shorts.
That is exactly where the commercials were in the 70s when they got it totally wrong because they took on a government. The commercials are taking on the Chinese here.
CTO Price at posting:
18.0¢ Sentiment: None Disclosure: Held
