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Eric Fry: What if someone had to write a prospectus for the U.S. dollar?
By Ted Butler
Tuesday, February 1, 2005
www.InvestmentRarities.com
The latest Commitment of Traders Report (COT) indicated a
continued improvement in the market structure for gold and
silver. This is the third consecutive weekly improvement in
the COTs since the bottom in early January. In gold the
dealers have reduced their net short position in COMEX
futures by over 112,000 contracts (11.2 million ounces) and
by almost 40,000 contracts in silver (200 million ounces).
These are among the largest cleanouts in history and set
the stage for powerful rallies ahead.
My personal take on the COTs is still that the bottom is
effectively in and we are at an ultra-low-risk buy point.
If I am wrong and we do take out the January lows by a
decent margin, it will come only with heavy tech fund new
short selling. This can only make the market structure
even stronger, as there is no way the tech funds would
then not be required to buy back their shorts at a loss.
This is a time to be aggressively invested.
Here's a link to another recent interview with me:
http://www.financialsense.com/fsu/editorials/bogner/2005/0130.html
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RECOMMENDED INTERNET SITES
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http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
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http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
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Ted Butler silver commentary archive:
http://www.investmentrarities.com/
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