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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Crimson Ghost who wrote (55939)	7/10/2000 1:06:32 PM
From: paul ross	Read Replies (1) of 116785

<<<Correct me if I am wrong, but were not the commercials net long during the early phase of the gold bear when POG plunged from $400 to the low $300s.?<<<< ...And they were also very net long when gold went from 290 to 250 in Q1 of 99.The commercials being net short may be one part of the picture needed to take place before gold finally puts in a bottom. Another piece, M2 increase, looks dismal short term for gold (and stock market) yearly period to period annual change dropping below 0. economagic.com Then choose: "period to period percentage change at annual rates"... then "make chart".

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