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

To: Crimson Ghost who wrote (4728)12/1/2001 11:30:00 AM
From: isopatch  Read Replies (1) | Respond to of 36161
 
George. Those are reasonable expectations.

Am somewhat more bullish. But not wildly so.

Think we will blow through $300 this time, then run a bit. No target for the high - as usual.<g> But do think $290-95 will likely establish itself as the new support in the next 60 - 90 days.

All just fuzzy logic, hopefully educated guessing and instinct. No guarantee.

What I am certain of since the beginning of the week was that we've begun a very powerful rally - AT LEAST comparable to the April/May run.

Regards,

Isopatch



To: Crimson Ghost who wrote (4728)12/1/2001 10:57:05 PM
From: Sunny Jim  Read Replies (1) | Respond to of 36161
 
<<And the commercials have liquidated their huge short position and now are slightly
long.>>

Doesn't GATA claim that there is a huge short position that is equal to several years of production? That can't be the same short position as the "commercials" can it? I'm rather confused with respect to gold short positions at this point, and any concise explanation from anyone would be much appreciated.


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