Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (183901)	7/26/2002 5:14:14 PM
From: yard_man	Read Replies (2) of 436258

Change from last week?? >>The latest Commitment of Traders data, released after the close, showed funds still held net long gold positions of 26,238 and speculators had a long gold exposure of 40,715 as of last Tuesday. After the heavy selling that took place this week, traders said they thought by Friday those numbers were significantly smaller. On Friday, some gold traders said they thought many players were not only continuing to liquidate long positions, as was the case for most of the week, but were also seen taking out new short positions. Some bullion dealers said they thought Friday's low around $300 might serve as support while gold consolidated its massive losses for the week, but others said they saw the slaughter continuing into next week. Some players said they do not expect any basing action until spot gold hits $298 or even the March low around $287. <<

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