The Woodshed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NOW who wrote (4775)	4/23/2004 5:45:52 PM
From: Louis V. Lambrecht	Read Replies (1) of 60911

More important IMO on the gold CoTs is that the commercials increased their long position istead of merely balance the runaway of the spec longs. Biggest drop in OI was in the session of Apr 15, after the big drop in prices. As both prices and OI are relatively flat since then (total OI is 250k), I suspect the commercials made a "deal" instead of calling for margins the specs couldn't meet anyway. IMO, there are still some longs to grip. Expecting a rebound in PoG prices with a risk to 375-385 first to get total OI in the 230K area. Then lather, rinse, repeat... I must be in the wrong business. <vbg>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next