Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (17449)	8/16/2002 8:02:34 PM
From: jimsioi	Read Replies (2) of 36161

COTS and December Gold During the last reporting period Gold rallied from 306 to a high, basis December of $320, During this time the commercials reduced their short positions by two thousand contracts to 29,300 or 20% of the total open interest. I'd assume their net short position was much lower when the rally began and that they sold into the rally. Overall I see the decline in net shorts as a continuing, developing positive providing support beneath current quotes. COT report cftc.gov December Gold futures.tradingcharts.com COTS charted - yet to be updated with this week's data....right trend but not significantly bullish. sharelynx.net JIMS 101

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