Gold to $1000?

MarketNews International
3/4/2008 11:44:44AM

US OIL/GOLD/STOCKS/FUNDS
Rumord hedge fund spurs....

US OIL/GOLD/STOCKS/FUNDS: Rumored hedge fund liquidation spurs crude oil gold metals prices fall as hedge funds scramble to sell what has a profit as some face losses in the riskier credit areas. Hedge funds also are selling Italian and Greek govt. debt to sell losses in riskier debt positions. The German Bund 10Y/30Y curve has steepened 7 bps amid forced selling by proprietary accounts.
 
Stock market tanks a bit and all assets go with it. This ugly action has been repeated itslef several times - but has given great opportunity to re-enter long positions on commodities - but to me it means very few hands with deep pockets control everything.
 
Quote from Shagi:

Stock market tanks a bit and all assets go with it. This ugly action has been repeated itslef several times - but has given great opportunity to re-enter long positions on commodities - but to me it means very few hands with deep pockets control everything.
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As expected retail gets washed out - and long positions are either increased or re-entered - over and over again - now gold will rally to $1000 without stopping
 
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