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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Real Man who wrote (87834)	7/15/2002 12:20:22 PM
From: IngotWeTrust	Read Replies (1) of 116764

Commercials can afford to go long in a declining market...it's called scaling in your long position. Nothing unusual about that CoT extrapolation at all, Vi. In point of fact, COMMERCIALS are the ONLY ones with deep enough pockets who can employ this scale down buying strategy in exponential multiples in anticipation of a turn around. Employing this scaling position trading strategy and deploying wads of cash in this manner makes them HARDLY "wrong" in a market as you simplistically suggest. Furthermore, CoT on Futures is just a survey of the old boys network...doubt they ask them penetrating questions re: their delta neutral hedges on their scaled in longs!!!!!! g_t.

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