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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (12877)6/20/2003 4:10:45 PM
From: ild  Respond to of 39344
 
You are right. My bad. They shorted a little more.



To: gold$10k who wrote (12877)6/20/2003 4:52:07 PM
From: jimsioi  Respond to of 39344
 
Dollar and the COTs

Right, the dollar did not close over 94 after having what looked like a good stop run...Still I like the short term chart on the buck much more than the flagging affair for GOLD...."flagging" as in all tired out...

ts-lc.sc8.finance.lycos.com

Suspect the commercials covered during the early part of the reporting period and sold during the late and then more this week on the rally to 364...I'd bet they are still sitting right there at 100K contracts short. The well defined downtrend line along the tops of this flag suggests to me well organized and concerted selling. Unless the move in the DOLLAR and GOLD were exaggerated by Triple Witch on both sides of the Atlantic, I think I'm going to be glad next week to have reduced miner positions by more than a third early on Friday...and be wishing it had been more.

Gold for August
futures.tradingcharts.com.

HUI - "hooks" in on the DMI and the RSI rolls down through 50
stockcharts.com[h,a]dbcaynay[dc][pb40!c200!f][iut!Ul14!Ub14!Lp14,3,3!Ll14!Ld20!Lya7,14,28]&pref=G