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

To: Crimson Ghost who wrote (55939)	7/10/2000 12:42:53 PM
From: Rarebird	Read Replies (2) \| Respond to of 116788

George, commercials were net short at every intermediate term peak during its bear market. At every bottom before each bounce they were net long, as was the correct position. The price of gold does not decline 100% of the time when commercials are short, just as it does not rain 100% of the time when storm clouds gather and the wind blows in circles. As they say in track, the race is not always to the strong and the swift, but that's the way to bet.

To: Crimson Ghost who wrote (55939)	7/10/2000 1:06:32 PM
From: paul ross	Read Replies (1) \| Respond to of 116788

<<<Correct me if I am wrong, but were not the commercials net long during the early phase of the gold bear when POG plunged from $400 to the low $300s.?<<<< ...And they were also very net long when gold went from 290 to 250 in Q1 of 99.The commercials being net short may be one part of the picture needed to take place before gold finally puts in a bottom. Another piece, M2 increase, looks dismal short term for gold (and stock market) yearly period to period annual change dropping below 0. economagic.com Then choose: "period to period percentage change at annual rates"... then "make chart".