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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (1194)	9/7/2001 4:57:00 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 36161

Nice to see u back Iso. Regards, Peter

To: isopatch who wrote (1194)	9/7/2001 6:05:29 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 36161

Gold and gold stock action today disappointing but not really surprising. So far, the low lease rates have almost completely negated the positive impact of a weaker dollar.

To: isopatch who wrote (1194)	9/7/2001 6:35:46 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Hi Isopatch, glad to have you back online. I must take issue with your characterization of the change in COTs as "modest improvement" and the overall commercial COT position as "slightly bearish". Considering that the gold COT range of the commercials is historically from about 90k contracts short to 90k contracts long, I would consider a change from 50.8k contracts short to 49.8k contracts short to be insignificant and a position of 49.8k contracts short to be quite bearish. I didn't expect a significant change in the COTs this week because there was almost no change in the POG between last Tuesday and the previous Tuesday ($.40). OTOH, George Cole remembers the commercials being significantly short all the way up in 1993, so they could be meaningless. Personally, I just continue to accumulate explorers when I see a bargain that I can't resist <g>. I felt that the gold stocks were ready to rise today and would have done so if they had gotten more encouragement from the POG. HUI closed strong today. Next Wednesday's BOE auction is not so much the mummy's curse on gold that it once was. My gut tells me that gold wants to blast off and may do so within the next week, BWDIK? Best, vt