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

To: c.hinton who wrote (20186)	10/18/2002 4:30:40 PM
From: jimsioi	Respond to of 36161

COTS come in as anticipated…Bullish Silver Commercials reduced net shorts by seven thousand contracts and are down to 17,300 short.. Gold Commercials reduced net shorts by 27.7K contracts and stand at 49K short. (This number is down for over 80K) Public is now 3.58 :: 1 long down from 5.5 at the peak of the market., Direction is on course, absolute numbers getting close to being bullish in and of themselves, the report only covers activity through Tuesday of last week and more of the same particularly in Gold would be expected of Wednesday and Thursday's action. The report was released late this week, or so I am reading, and thus didn't have late today what should be a friendly impact Monday. . cftc.gov jims101