SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (63887)2/16/2001 9:01:43 PM
From: baystock  Read Replies (1) | Respond to of 116762
 
<<The specs... They are now short 58,972
contracts or 41.03% of open interest (143,725). I think that's a record spec/open interest number, virtually a short corner on gold.>>

Isn't a contract 100oz of gold ? How can a short or long position of 6 million oz which is only 6% of annual production be described as a "corner" ?



To: russwinter who wrote (63887)2/17/2001 4:51:18 PM
From: Rarebird  Read Replies (1) | Respond to of 116762
 
biz.yahoo.com

Prechter has recently become Bullish on Gold. I've read his most recent report. He sees either a final washout to $200 here before a massive bull rally or a rally first to $360 before the final washout comes.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News