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

To: jimsioi who wrote (19584)9/27/2002 4:24:36 PM
From: isopatch  Read Replies (4) | Respond to of 36161
 
Hmmm. Let's see, Jims. Gold commercials

really ramped up their net short position.

Obvously they're looking for lower gold prices next month.

One thing that would provide a good kick off toward lower prices is the major IMF policy meetings THIS weekend. Seems gold gets slammed a week to 10 days after almost every such major financial pow wow.

Naw, that couldn't be why they've been increasing their net short position for weeks.<g>

Isopatch



To: jimsioi who wrote (19584)9/27/2002 5:34:19 PM
From: big guy  Read Replies (1) | Respond to of 36161
 
If the Fed or any other party was to step in and lay the brakes to a gold rally would it show up under commercial, non-commercial, or not at all? I can't believe they would be selling physical metal into the spot markets to squash a move. Anyone with a clue?


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