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

To: jimsioi who wrote (17450)	8/16/2002 8:48:58 PM
From: Little Joe	Read Replies (1) \| Respond to of 36161

", During this time the commercials reduced their short positions by two thousand contracts to 29,300 or 20% of the total open interest" Something wrong with the math in that post. Little joe

To: jimsioi who wrote (17450)	8/16/2002 9:12:24 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

Bond Market is demanding Fed Cuts and they'll get it... The Funny Money Fiat Pump and further Fed cuts will keep Gold supported here imho...I think we break the shackles of $330 in Oct/Nov with $340-$365 POG very possible - but, the visions and dreams of $400+ POG imho, will need a Puplavian Rogue Wave catalyst to get there....and the land of milk and honey @ $600+ will need a derivatives meltdown. Pigs get Fat - Hogs get Slaughtered... let me build into a 60%ish portfolio weighting and get some $35-$40 NEM,$4 KGC, $25 HGMCY, $20 GFI, $20 AEM, $12 PAAS, $4 CDE, $7 DROOY etc and I'll be happy waiting for the next new thing... I don't have to have $600-$800 GOLD and a total collapse of Financial Stability... and you know Fed intervention & manipulation knows no bounds... so maybe we ought to keep our yellow sights realistic for now (vbg).