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To: Jerry Olson who wrote (78214)	8/1/2003 4:26:25 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<<why the plunge in gold futures???>> Don't know...........but could it be that:.... ...... higher interest rates lately = greater carrying costs for the metal = fall in metal demand and/or liquidation of holdings ????

To: Jerry Olson who wrote (78214)	8/1/2003 4:29:16 PM
From: yard_man	Read Replies (1) \| Respond to of 209892

Jerry, There was interesting story that relates to demand on the BBC. Astrologers in India are telling couples not to get married until November ... bad alignment until then I don't think it's all that important, but I don't know if you've ever see footage of an Indian wedding -- I have a friend and his wife to be was bedecked head to toe in the stuff.

To: Jerry Olson who wrote (78214)	8/1/2003 8:57:20 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

JO..........Just ran across this piece re gold which may be of interest: Hedging??? 8/01/03 01:57 PM ET <<The most recent Commitment of Traders Report from the CFTC shows that short gold positions by commercials (hedgers) hit 191,659 in the period ending July 22, 2003. That was up 15,066 contracts from the prior week. It is by far the largest commercial short position all year and just to let you know, I have been checking the archived years and have already gone back to 1994 but still cannot find a commercial short position higher than the current one. Will keep checking, though. Gold collapse like bond collapse coming.>>