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

To: Secret_Agent_Man who wrote (6573)	1/18/2002 2:16:42 PM
From: yard_man	Read Replies (1) \| Respond to of 36161

sounds about right to me.

To: Secret_Agent_Man who wrote (6573)	1/18/2002 4:59:04 PM
From: isopatch	Read Replies (4) \| Respond to of 36161

COTs show commercials are now heavily short gold while speculators went further to the long side, into Tuesdays close. cftc.gov One weeks data isn't usually that important. It's the trend of accumulation and distribution among the players that really matters. And with todays report added to the past 3 weeks where commercials gradually increased their net short positions, I think we might want to keep the chart below in mind. marketpit.com As you can see, tops in gold tend to occur at or very close to the times when commercials are heavily short the metal and speculators are comparably long. If you are just accumulating gold and/or gold stocks for the very long term, you can disregard the above. But for traders who work with ST to IT holding periods, it's very important. BTW, kudos to George Cole for selling when he did. Well done George. Isopatch