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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jimsioi who wrote (15130)	7/30/2003 11:49:17 PM
From: Little Joe	Read Replies (1) of 39344

Jim: Can't understand how you can look at the chart of the commercials and give them such respect. The fact is that if you look at the chart they have been moving against the trend from the bottom. They are just wrong. As they have gotten increasingly more bearish the price has gone up. How can you conclude that they are stopping the price where they want to? Frankly, I don't think we understand these numbers very well. These guys can't be taking the losses the figures show or they would be broke. I suggest that these positions are hedged against some other positions and we don't know what they are. Otherwise it makes no sense. Little joe

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