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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (5288)	9/8/2003 9:47:21 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 5423

Rich Russell makes big points about Commercial gold shorts And I wonder, is this what's happening to the Commercial shorts in gold? Is the buying of gold and gold futures so strong that it is "eating up" all the shorts that the Commercials are putting out? After all, the Commercials have been increasing their shorts for five weeks, and on the latest count the Commercials have boosted their shorts to a huge 209,840 thousand contracts, the highest level of the year -- and yet on Friday gold closed up 4.70 on the December contract to 378.80, its highest level in seven months. So is this one of those very rare times when the powerful Commercials are battling a force even stronger than they are -- that force being the primary trend of the market in gold? I really don't have the answer to this one, but if the Commercials have misjudged the situation, you can expect fireworks in the gold market coming up. But remember, the Commercials have huge resources and are very seldom wrong. Let me put it this way -- it's a fascinating situation, and if gold doesn't start to weaken very soon and thereby serve the Commercials -- then watch out. 321gold.com