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

To: BSGrinder who wrote (25933)	1/17/2003 4:28:56 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 36161

I tend to agree with your views on the disparity on gold vs gold shares. Hence why I added to my positions today. I don't see this disparity lasting much longer. Either the shares gain nicely in the upcoming weeks or gold corrects back to the mid 340's or lower. Not sure what the catalyst will be to bring more investors into the gold market, but it would appear that we're suffering not so much from selling as lack of new buyers. Slider has commented on this in the past w/respect to both gold and oil. Currently we only have the "true believers". I'm seeing a few new buyers on other threads, but I don't get the sense that non-gold mutual funds are increasing their positions in any significant way. It may be because that most of the stocks liquid enough for the big mutual funds have done relatively poor (NEM, ABX, PDG) that there is less excitement from non-gold bugs. As you can tell I'm having a hard time understanding the disparity.

To: BSGrinder who wrote (25933)	1/17/2003 5:35:03 PM
From: jimsioi	Respond to of 36161

Lots of sense BSGrinder & COTS Very well expressed ideas on the reasons behind the varying performance of the miners and metal was your message #25933. I'm adopting it as reasoning for steadying my hand and buying the breaks. COTS reported this week show very little net change in Silver and a 4400 contraction in net short positions for the commercials in GOLD. Their net short position is now less than 50% of the total Open Interest. Public Specs are 3.2 long to short....AT the top in June the small specs got up to historically high levels of 5::1 long. Overall, I find the COTS slightly constructive. Commercial shorts covered on general strength last Wed to this Tuesday. cftc.gov Feb Gold - at the upper ends of the Bollinger bands treasurestatefutures.com