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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Lucretius who wrote (95127)	5/24/2003 6:44:07 PM
From: yard_man	Read Replies (1) of 116836

u must be nervous about them again -- every time you are, you come taunt somebody over here. If an increase in the commercial short position were any indicator at all, gold would be at $20 by now ... gold may move down, but that isn't a cause or an indicator, IMO. I've looked at it before -- yeah, they increase shorts when the price goes up -- for the most part -- so what?? You'd be better off monitoring the price of tea in India than 1) coming over here and checking for sentiment or 2) selling every time the the COTs show the commercials a little bit shorter Not everybody has a 1-week or 3-day horizon. Fundamentals are still in place for a bull in commodities in general including gold. Real rates are more negative than they have been in a long time. Monetary policy is getting ready to cross over to the realm of the ridiculous. Stocks have at most another 2-6 weeks before resuming the bear trend. If all this sounds ultra-bullish and goldbug-clownish -- why don't you sell all the shares you own and post the same.

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