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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.81+0.9%Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (55376)6/28/2000 1:03:00 PM
From: Rarebird  Read Replies (1) of 116762
 
Heinz, the commercials seem to me to be somewhat influenced by momentum also. They were still long on that famous day last fall when the POG rose $26 while the XAU declined. The commercials have gotten burned too on the long side.

If the POG can hold above $290, the commercials may cover their short positions. This is what occurred during the early stages of the Palladium blow off.
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