Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (5)	5/31/2001 2:02:08 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

05/30 16:23 Gold Has Biggest Drop in 1 1/2 Years on Selling by Speculators By Claudia Carpenter quote.bloomberg.com. (excerpts) New York, May 30 (Bloomberg) -- Gold had its biggest loss in 1 1/2 years on selling by speculators whose purchases sparked a rally to a 15-month high. Gold futures have now fallen 10 percent from the intraday high of $298.60 on May 21, erasing the weeklong gain and leaving prices 3 percent lower than at this time last year. Hedge funds and other speculators had bought 53,505 futures contracts as of May 22, compared with sales of 14,569, the CFTC report showed. The difference, 38,936 contracts, was the biggest net long position since February 1996.