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Gold/Mining/Energy : Western Copper Holdings - WTC.T -- Ignore unavailable to you. Want to Upgrade?

To: couldawoulda who wrote (510)	9/8/2002 5:47:05 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 754

<<In a remarkable departure from past behavior, the "little guy" has not liquidated his net long futures position on this (fairly significant) silver price decline. In fact, the small trader has increased his net long position to over 20,000 contracts, or 100 million ounces>> Butler make a good case for this being bullish, however, conventional thinking is generally that there can be no significant rally until the little guy (who is always on the wrong side) capitulates. We see this happening in the equity markets as well. I'm no analyst and don't know enough of the physical silver market to think "outside the box". Hopefully this has been posted on the silver thread also. Wayne