From the Cafe:

ANOTHER NEW RECORD LOW GOLD SHORT POSITION IS ACHIEVED BY GOLDMAN SACHS ON TOCOM

In the September 24 session on the TOCOM Goldman Sachs COVERED 405 short contracts and bought 704 long contracts to bring their long position to 1,889 contracts and their net short position to 627 contracts. YES, THAT IS SIX HUNDRED AND TWENTY SEVEN CONTRACTS NET SHORT! This is the lowest net short position that Goldman Sachs has ever held in the 33 months that I have been keeping data.

Make no mistake about it THIS IS IT. We are within days of gold exploding. It is a time to forget about trading to make a few bucks and instead be properly positioned for lift off.

Cheers
Adrian