Sunday, September 7, 2008

small traders as dumb as they were in 2001

I just noticed that the net long positions for the 'small speculator' categories in Comex Gold and Silver are the smallest they have been since the end of 2001. and barring a huge rebound Monday and Tuesday, one would have to guess that the next report will show even more of an 'improvement'. this is a good sign.

I just did a google blog search and amazingly there was but one other recent post in the 'sphere about the small spec situation. a fellow by the name of Tim Ord wrote this post last week.