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Strategies & Market Trends : Classic TA Workplace

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To: Jerry Olson who wrote (78214)	8/1/2003 8:57:20 PM
From: Henry J Costanzo	Read Replies (2) of 209892

JO..........Just ran across this piece re gold which may be of interest: Hedging??? 8/01/03 01:57 PM ET <<The most recent Commitment of Traders Report from the CFTC shows that short gold positions by commercials (hedgers) hit 191,659 in the period ending July 22, 2003. That was up 15,066 contracts from the prior week. It is by far the largest commercial short position all year and just to let you know, I have been checking the archived years and have already gone back to 1994 but still cannot find a commercial short position higher than the current one. Will keep checking, though. Gold collapse like bond collapse coming.>>

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