Five of Ten Commodities Bespoke Follows are Two Standard Deviations (or more) Above their 50-Day Moving Averages!

The move in gold is starting to resemble that of oil in 2008. From our June 2, 2009 post "Markets: What Happened to the Bears?": ...After talking to some folks who had been mauled [cute -ed] I decided that the short-sellers had just given up. It is no fun to be selling into the buying of Goldman and their long-only index clients, CalPERS, the universiy endowments et al. So they said to hell