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

To: isopatch who wrote (2446)	10/5/2001 5:19:43 PM
From: Paul Shread	Read Replies (1) \| Respond to of 36161

Iso, This may sound crazy, but I'm not sure how much the COTs have to do with the POG. There's so much hedging and dervivatives and general shennanigans that I don't know what the heck moves the yellow metal. I like it for fundamental reasons here, but I'm also just holding core positions. Paul

To: isopatch who wrote (2446)	10/5/2001 6:36:04 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 36161

Hi Isopatch, (note: 5/10 is how the Brits and most Europeans render October 5th) Us cute and cuddlies too, but we can speak American LOL. EDIT: and a very Happy Thanksgiving to all the other Canucks out there.

To: isopatch who wrote (2446)	10/5/2001 7:01:01 PM
From: gold$10k	Read Replies (4) \| Respond to of 36161

Hi Isopatch, Glad to see you posting more... you must be feeling better. re:COTs - If you don't believe that the commercials are the smart money at this point then the COTs don't matter, otherwise watch out. It doesn't seem to be having any adverse effect on either my long term positions or my trading, so from a practical point of view it doesn't matter to me. The better known junior/explorers are getting consistently bid up now (BAY, MFL, FGX) on very good volume, so I am a happy camper. Just as PDG and NEM got bid up before GLG and RGLD early in the year (but GLG and RGLD made bigger percentage moves), now the better known explorers and later the lesser known explorers will make even bigger percentage moves than GLG and RGLD. As always, it's difficult to predict how much and when, but sideways is ok while waiting for the kind of prize that we will eventually reap. Best, vt