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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (104936)5/29/2001 12:23:11 PM
From: John Pitera  Read Replies (2) of 436258
 
Spec Longs in Gold really so high?

Cash gold has slipped below $275 an ounce, but this level is far more significant for the June contract (which at $276.40 has yet to make a significant run). As we have argued before, a break could be nasty when considering that the latest CoT data puts speculative longs at a net 3.9 mln ounces, which according to Merrill Lynch is the largest since February 1996.
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