“Wait a minute – I thought gold was like dollars!”
The CFTC is proposing “position limits” on the amount of derivative contracts, including futures and swaps, a trader can hold for 28 commodities.
Now, 10 years later, the fund is beating all rivals and assets have surged to $15.6 billion
For what it’s worth, the crowd sees no limit to high gold can go.
What’s the he Belle of the Ball in a market that’s been absolutely bludgeoned as everyone runs for safety and blows out of stocks? How about a vehicle that goes double-long gold while at the same time goes double-short the stock market?
Gold is more like a drug than it is like money…
Now I understand that this chart may be somewhat controversial…
Will the dollar be bought on the news – or sold?
When Richard Bernstein is in the news, I pay attention. He is avoiding China and wants nothing to do with gold, here’s why.