I think you are right re the US dollar.
US banks have certainly been shorting gold bigtime.
Figures for US Banks gold futures contracts in April:
U.S. Banks Long 1,206 Short 105,854
OUCH!!
Source
http://www.cftc.gov/dea/bank/deaapr09f.htm
- Forums
- ASX - By Stock
- GOLD
- usd chart looks abysmal
usd chart looks abysmal, page-3
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)