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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: goldsnow who wrote (29717)	3/10/1999 8:59:00 PM
From: Little Joe	Read Replies (2) of 116762

From Kaplan's report today. Wednesday's COMEX gold estimated volume was a moderately light 29,000 lots. Total COMEX gold open interest on Tuesday plunged 13,800 to 182,305 contracts. This is quite bearish, since a few repeat performances would soon exhaust the former 71,000+ commercial net long position. I am watching this closely. This rally has been suspect to me because of the lack of leadership from XAU and because in general it has seemed anemic to me. I think we are still basing. Live long and prosper, Little joe

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