Friday, August 24, 2007

Goldman Sachs Gold Activity

Goldman Sachs has added 3,265 long gold positions at the Tocom. In effect what they are doing is closing some of their short positions. I believe their short positions where in the mid 25,000 a few months ago, now the total is only about 11,000. I will keep tracking these figures daily.


Open Interest: Goldman Sachs Japan Co., Ltd. long: 11865, short: 507
Trading Volume:Goldman Sachs Japan Co. Ltd, short: 81, long: 3265

Numbers are for standard future contracts of 1Kg to buy or sell gold on a future date and for the specified price.

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