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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (1192)9/7/2001 4:48:44 PM
From: isopatch  Read Replies (3) of 36161
 
COT report on Gold showed further modest improvement.

As of Tuesdays close (reported today) commercials showed a moderate increase in their net long positions, while non-commercial specs displayed a corresponding decline.

cftc.gov

Overall COT positions in gold continue to be slightly bearish from an Intermediate perspective.

From a ST viewpoint, the fact that commercials didn't increase shorts, IMO implies a neutral to bullish attitude in their expectations about the reception for next weeks BOE auction.

Haven't seen any changes in gold warehouse stocks in recent days.

Good to have my web access back today, after a wild day of crashes yesterday and last night. Whew!!

Cheers,

Isopatch
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