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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)

BHK 9.800

+0.9%

Oct 31 5:00 PM EST

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To: nammir chucri who started this subject	12/24/2002 10:41:42 AM
From: 3bar	Read Replies (1) of 545

Anybody follow the short interest by commercial traders on the gold futures contracts. 22 contracts in favour of one side or the other would move the market in the direction of the greater #. In the 80s in feb mar we used to see the off balance in the 50s. I believe this should be read in the 1000s or 22000 , 50000 ect.. This week the off balance is a 100 contracts. This to my knowledge is a historical type high. We will see gold either fall back into its base or move up at 10-20-30 $ a day shortly. The commercials are usually right. When they are wrong they change and cover very quickly. This quick covering takes it higher in big up days. My guess is to the up side. From Barrons : In the last two months , while the market was moving higher , 81 insiders sold 14.9 million shares. 1 buyer bought 50 ths. This also has to be a historical type ratio. They see the market as going lower which suggests gold will be moving up.

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