peterpr
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Here is an entertaining article by J. Kent Willis which will interest both aspiring traders and those with a serious interest in gold.
This guy is a longtime metals trader who knows his stuff.
The most intriguing part for gold bugs is his belief that the gold COMEX contract is changing from a pure paper futures trading/hedging vehicle into an efficient way of taking delivery of large volumes of physical gold. He argues that, if the trend continues, it will make price suppression by the big commercials more and more problematical and force major changes to the rules and small-print of the contract. Being a trader through and through, he is agnostic about gold (or any other tradeable commodity price for that matter) - But he sees the development as seriously long-term bullish for gold.
It is a view echoed by Jim Sinclair of JSMineset.com
http://www.gold-eagle.com/editorials_04/willis121604.html
This guy is a longtime metals trader who knows his stuff.
The most intriguing part for gold bugs is his belief that the gold COMEX contract is changing from a pure paper futures trading/hedging vehicle into an efficient way of taking delivery of large volumes of physical gold. He argues that, if the trend continues, it will make price suppression by the big commercials more and more problematical and force major changes to the rules and small-print of the contract. Being a trader through and through, he is agnostic about gold (or any other tradeable commodity price for that matter) - But he sees the development as seriously long-term bullish for gold.
It is a view echoed by Jim Sinclair of JSMineset.com
http://www.gold-eagle.com/editorials_04/willis121604.html
