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

To: jimsioi who wrote (19619)	9/28/2002 11:01:48 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 36161

jim - getting the picture looking through a keyhole. ROFL. Tho, this is all we get. <ng> FWIW, non=reportable positions are the margin of error of the stats if I read correctly: cftc.gov Nonreportable Positions - The long and short open interest shown as "Nonreportable Positions" are derived by subtracting total long and short "Reportable Positions" from the total open interest. Accordingly, for "Nonreportable Positions," the number of traders involved and the commercial/non-commercial classification of each trader are unknown. and cftc.gov On January 1, 2000 the “Commitments of Traders” report for futures only was changed as follows: 1. Previously, futures commission merchants, clearing members and foreign brokers were required to report only those positions that exceeded the Commission’s minimum quantities ("Large Positions"). These “large” positions are the only ones currently included in the Commitments reports. Beginning January 1, 2000,traders’ positions will be included in the report if the positions must be reported under existing regulations. Current regulations require that traders’ positions in all futures and options expiration months in a commodity must be reported, regardless of size, if any one position in an expiration month exceeds minimum quantities established by the Commission; all must be reported regardless of size if it exceeds a minimum ?!?!? I also posted a question before: who are the commercials? A farmer hedging his crops is a commercial, LUV hedging on oil is a commercial. In my understanding, the gold miners should also be commercials. But the bullion banks,... also are commercials. Who is left in the non-commercials? Those that didn't filed CFTC Form 40 for whatever reason? Plus the dumb small specs who are never right. For example, a financial organization trading in financial futures may have a banking entity whose positions are classified as commercial and have a separate money-management entity whose positions are classified as non-commercial Bullion banks on both sides? Money management on one side when they cover their credits, commercials when yhey are the other party of real commercials hedging,.... s. A shizophrene looking with blurred eyes at the market through a key hole.