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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 413.19

+1.1%

Jan 6 4:00 PM EST

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To: dara who wrote (5452)	3/3/2007 9:57:29 AM
From: jimsioi	of 29622

dara, re COTS Your stats include options where as at 185K net short the number I am using is futures only. Small traders at that time were just a bit over 2:1 long...GOLD began a significant rally in late Dec 2005. Yours was a good overview of the COTS with respect to market direction...Only at extremes do I find them important..Small specs long 5:1 is one such...as was the case this week. All this suggests to me a period of digestion at least with lower prices. $625 Gold is good support that it would not surprise me to see be tested.. stockcharts.com Looks like Gold and the miners will fall with the general market for a while and only reverse when the FED is required to act to stem the decline...Their actions however may be delayed....Keep cash levels up, my advice to me.

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