I covered short (perhaps an 8 point loss) went long and made 15....working out great so far. I don't think it was ralph so much as it was favorable economic data, and a large amount of cash on the sidelines. If you have a fund and miss a move like this your investors are going to be very unhappy, and search for another place to park your money.
More on Martin Pring who is now questioning whether commod bull market may end. This interview (data through 8/18/06) was posted on Bill Cara's market blog. http://www.pring.com/movieweb/commodity/commodity.html