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

To: Henry L. Farmer who wrote (18366)	8/28/2003 1:48:26 AM
From: No BS here	Read Replies (2) \| Respond to of 39344

thats what i like to see,pessimism,non believers looking for reasons....................friedland cheapy,,SGD...this is one you can make your home run on...heres a nice quote-So if you really need reasons for gold moving higher, try that on for size. If you want a technical reason, try the short position of Commercial Traders. Pardon me if I do not subscribe to the nonsense that says commercial traders are always correct. They certainly are not today. In fact, when the commercials go bad, they really go bad!

To: Henry L. Farmer who wrote (18366)	8/28/2003 5:19:29 AM
From: jimsioi	Read Replies (1) \| Respond to of 39344

Henry Farmer and the COTs Good analysis and factual presentation of the COT numbers. Plenty of food for thought as we watch the price of gold flight it out at the $370 line. Another good day through $370 seemingly is required to really have confidence that a break out has been experienced to justify the lofty levels of the miners. Will the golds and particularly the junior group replicate the insane advance made be the internet group. It will require substantially higher gold prices be maintained which in turn will require substantial investment demand for the metal be registered...Those are at least my reservations to say nothing about the aversion and ignorance investors have about miners and the seeming desire of the financial community to keep it that way...Things will have to be considerably different to have the type of promotion internet and telecom stocks received....perhaps one day but there will be several correction and pullbacks along the way... Open interest in GOLD rose to 243K contracts as of Tuesday the end of the COT reporting period - up 13K for the previous Tuesday....ONe can assume, I think that about 10K of that was added to the commercial net short position. Interesting close coming up for month end....I thnk its a bit the profit taking time on strength..

To: Henry L. Farmer who wrote (18366)	8/28/2003 6:23:02 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

Henry! A blast from the past! Where on earth have you been? Good to see a post from ya! This is the most bullish indicator I have seen in ages. First Mike appears and now you!....of-course we never could get rid of Howy, he hangs around like a distant realtive!<g> wayne