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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (1619)	11/21/2000 10:55:35 PM
From: Claude Cormier	Respond to of 4409

<they should buy BAY with the new money they picked up in the deal > They must first pay down their huge debt.

To: Bruce Robbins who wrote (1619)	11/29/2000 8:25:59 AM
From: russwinter	Read Replies (1) \| Respond to of 4409

Comments from Bill Fleckenstein last night on silver and S&P Commitment of Traders numbers: "Also in the news, the Commitment of Traders Report (delayed because of the holiday) came out last night. The Commercials had a new record short interest in the S&P 500. To quote my favorite service on that subject, The Bullish Review, Steve Briese noted that on the slide the "small traders category saw a new net long position." He also noted how unusual it was to see the Commercials selling on a scaled-down basis. The net of it is very bearish. (Steve's phone number is 888/423-4950 if you want to subscribe to the service, which I heartily recommend.) Briese also pointed out that given the price action in silver, the low Commercial short (which I touched on last week) could lead to a significant rally, and that the large speculators have their largest net short position in gold in over a year. That means there could be a decent chance at a short-covering rally, at least in the metals. I hypothesized last week that there could be an interesting juncture between here and the end of the year, and this doesn't change my view. It's looking more and more like there might be a speculative trade at a minimum lining up in these metals. I'm qualifying this because one has to be careful with commodities, because they require different rules than those for investing in equities."