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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2231)	3/16/2004 6:03:11 PM
From: yard_man	Respond to of 116555

I don't care -- I think it will move higher regardless.

To: mishedlo who wrote (2231)	3/16/2004 11:44:13 PM
From: I_C_Deadpeople	Respond to of 116555

Dave Morgan has studied the Comex rules and regs and reported that basically they are one-sided to the short side. A commercial institution can have as large a short position as they want, no limit. However, if someone walks into the Comex and asks for a large quantity of physical they will be denied and possibly investigated (I believe he mentioned that said investigation would revolve around the Comex insuring they were not trying to corner the market). I will try and find the archive on that but Morgan has mentioned it several times on the Financial Sense Newshour each week. He also stated that the commercial shorts were in fact bullion banks, not producers. Barrick had 35 million ounces hedged at one point but I believe they are closed out now.