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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (43830)	10/25/1999 5:58:00 PM
From: The Barracuda™	Respond to of 117049

The English poodles SteveIS ( Cot thoughts (ignore the net)) ID#288240: Copyright ¸ 1999 SteveIS/Kitco Inc. All rights reserved Net long commercial gold comex COT declined by 11,000 contracts. During a period of declining prices. On the surface this is bad news. However the total number of long commercial contracts went up by 17,000. This number represents over 50 tons. The total number of commercial long contracts is now over 122,000. This is almost 5 times the number of tons Kuwait lent . The reason the number of commercial long contracts is important is because they use gold and have a much higher likelyhood of demanding it when delivery time rolls around. Can anyone say squeeze. Also remember that the bullion banks are considered commercials. They are likely the commercial shorts. In other words ignore the net keep your eye on the number of long contracts. We aren't in Kansas anymore. namaste'

To: The Barracuda™ who wrote (43830)	10/26/1999 1:26:00 AM
From: ahhaha	Respond to of 117049

Kaplan said: Gold demand in Japan is skyrocketing as imports jumped 247% year on year in September to an estimate of 19.4 tons. Please remember that most of this occurred in an environment of low gold prices along with an appreciation of the yen against the dollar so this number should come down sharply in months to come. Most of it didn't occur during yen appreciation. Actually half occurred in appreciation and half in depreciation. No doubt some of the gold buying was due to flight of capital fear late last year, and some was due to low prices, but that isn't the true force causing the demand to rise. I won't go into the core reason, but I predict the demand will continue and if gold price rises, it will rise even more.