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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (19584)9/27/2002 4:24:36 PM
From: isopatch  Read Replies (4) of 36161
 
Hmmm. Let's see, Jims. Gold commercials

really ramped up their net short position.

Obvously they're looking for lower gold prices next month.

One thing that would provide a good kick off toward lower prices is the major IMF policy meetings THIS weekend. Seems gold gets slammed a week to 10 days after almost every such major financial pow wow.

Naw, that couldn't be why they've been increasing their net short position for weeks.<g>

Isopatch
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