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

To: Little Joe who wrote (19603)	9/27/2002 11:18:37 PM
From: loantech	Respond to of 36161

What I like most is when the public, the commercials and the best people on SI are all a bit bearish on gold. Makes me more comfortable holding my long positions. No one it seems is bullish, this boards sharp shooters, Saville, CC is cautious, etc. Richard Russell is bullish though and one sharp oldster. I am holding my longs I bought most of them on the real cheap.

To: Little Joe who wrote (19603)	9/28/2002 7:13:00 AM
From: jimsioi	Read Replies (2) \| Respond to of 36161

Little Joe, not to belabor the point, but.. From the COT data chart previously presented see Net Commercial short position spikes and subsequent declines as follows: Mid '93 50 dollar decline early 96 150 dollar decline June '01 25 dollar decline Oct 01 25 dollar decline June 02 30 dollar decline. When were they bullish? (postive net long 80K) Bottom of 99, early 01 at $255-60, and Nov 01 at the 270 turn When were their shorts the lowest At the 2001 turn. Conversely the ratio of small trader longs to shorts has never been more extremely positive (5.36::1) as they are currently. Whatever ones investment horizon the commitment data at the extremes has been worthy of consideration. sharelynx.net