Bill I would like to ask a question that I brought to your attention previously and hope that you have time for an answer. Although I don't own ECU on the premise that silver will rise as you have predicted, I will be delighted if it does and am trying to gain a better understanding of the metals markets. How do you view the commitment of traders reports on gold and silver released this week showing numbers as of May 04? Gold appears bullish while silver appears bearish although I am happy with its performance lately.
GOLD: commercials,long 121,417 short 79,119 net= long 42,298
specs, long 18,454 short 68,306 net= short 49,852
SILVER: commercials,long 6,026 short 53,044 net= short 47,018
specs long 35,807 short 3,425 net= long 32,382
These trading commitments are directly opposite, do you think this is a temporary situation or are there other factors that modify the outlook this report gives?
Thanks very much for all your work at the Cafe and Gata
Regards, Ogi
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