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


To: isopatch who wrote (2458)10/6/2001 11:23:16 AM
From: John Madarasz  Read Replies (2) | Respond to of 36161
 
Important also to watch how the HUI correlates w/ those charts... and it does. The XAU should be more valid now, due to the recent composite changes, for tracking the similarities between the pog and equities.

Haven't seen much mention either of the fact that the "wrong way" small spec's are at a 5 year record net long position in au either @ 31867 contracts. Large specs standing pat, having reduced their not insignificant net long position by 1300 contracts...which puts them about 8000 contracts away from a 5 year record net long position of 43,236.

Thanks for the great chart. Hope all is well.

Have a nice weekend,

JM



To: isopatch who wrote (2458)10/8/2001 8:21:28 AM
From: Paul Shread  Read Replies (1) | Respond to of 36161
 
Iso,

Sorry to be a pain in the backside on this, but I don't see any relationship in that chart between the commercials and the POG, unlike on the NDX, where it is crystal clear:

mta.org

On the gold chart, the commercials almost seem contrarian, but I may be missing something. Will take a closer look later.

Thanks.

Paul