Hi everyone, any old-timers still around?
I've been away for about 7 months... I see we are still having way too much of USD swaps borrowed (close to 30 mln). This is not good for the uptrend expectations (current ratio of margin longs vs. shorts is about 6 to 1). Now that I looked at the market closer for the past few day, it really strikes me that borrowed USD swaps are pretty much always spiking up (people are going long on margin) exactly when the price is crashing down. This is the opposite of what should be happening (that is, margin longs should be selling to stop losses).