Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: TrueScouse who wrote (17218)	8/19/2003 4:41:26 PM
From: jimsioi	Read Replies (3) of 39344

Howard, yes two days' results I can live with, too. Wasn't shaken out of too much yesterday that I didn't get back on pretty well near where I exited, today....was up yesterday and much more today, though I can't claim to the percentage results you report, not being as "geared to miners....40% of portfolio...only.... I think it's rather imperative that GOLD, that yellow metal, find some friends and get a move on...The assumption is nearly universal that it will and that's what bothers me.... Of course, the futures have to fight the heavy hand of the commercial short position, which with the smart increase in Open Interest on Friday, I'm pretty sure they are sitting on 110K net short position. In plotted history GOLD has not meaningfully rallied when the commercials were this short.... sharelynx.net I'm not 100% guided by the COT numbers - but I respect them.... I suspect the really good news is that I have yet to hear it reported on CNBC that gold miner shares are making new highs.....please, let that continue.

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