tag:blogger.com,1999:blog-6089228851855763774.post7301448694987889786..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: More on Comex producer/merchant long positionBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6089228851855763774.post-53084887798529707072013-12-13T03:50:29.002+08:002013-12-13T03:50:29.002+08:00The Producer Merchants use futures to hedge existi...The Producer Merchants use futures to hedge existing inventories and metal in transit, among other reasons. There is always a certain amount of metal working its way through the system. <br /><br />The Producer merchants include bullion banks, who manage and hedge metal for others. <br /><br />I think the lack of hedging, even to the extent of becoming net long now is more a function of motivation (or lack thereof) to hedge at prevailing prices. <br /><br />So while the Producer Merchants may not speculate on future prices all that much, their propensity to hedge (or not) ends up reflecting their macro-view as to prices. <br /><br />Best, Gene Arensberg Anonymoushttps://www.blogger.com/profile/10693045256509523057noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-51214233903548850202013-12-11T22:19:59.530+08:002013-12-11T22:19:59.530+08:00turdism: "...anyone who thinks gold is going ...turdism: "...anyone who thinks gold is going below $1050 is an asswipe and completely wrong!"<br /><br /><br />looks like the turd is having a hard time getting away from poop or potty metaphors while trying to shed that scatological persona. <br /><br />personally, i find the whole stool theme crude and lacking seriousness.<br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-3236387932358617562013-12-11T20:33:18.725+08:002013-12-11T20:33:18.725+08:00the point about inventory increasing with increasi...the point about inventory increasing with increasing demand is the most important, and most counter-intuitive to most people... but just look at a 5 year chart of COMEX inventories vs gold price... Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.com