Hi William: Trader's Committments from Kaplans site.............
As of October 21, 1997, released at 3:30 p.m. on October 24, 1997, the commitments for COMEX gold futures show commercial insiders long 102,442, short 87,675; speculators long 13,909, short 43,706. The average historic ratio for commercials is 2:3 long to short; for speculators, 2:1 long to short. Therefore, commercials are substantially more long than usual, and speculators are substantially more short, especially when combined with open interest data released since then, which does not even include Friday's hectic activity. These values became significantly more bullish over the past 2-1/2 weeks, and are now STRONGLY BULLISH. |
