Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (18810)	8/30/2003 6:22:10 PM
From: jimsioi	Read Replies (2) of 39344

COTS, will the commercials quit... Checking out the open interest through just Thursday, latest available, I notice that since Tuesday, cut off of the latest COTS, that open interst has expanded to 262K contracts up 20K from Tuesday....The 137K commercial net short has therefore likely risen to a cracking 150-155K.!!! Where this Gold market would go if the commercials weren't such sellers....Remembering that the commercials to some debatable extent are hedging inventory being taken in from some other major sellers, it has to be considered that SOMEBODY is intent on the sell side and the commercials who are hedging have not redistributed the inventory. (Silver open interest only rose 3K contracts to 106K putting the Commercials there at near 70K short...) COTS graphed....off the charts - awaiting update.. sharelynx.net

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