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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (1424)	1/29/1998 8:05:00 AM
From: virginijus poshkus	Respond to of 3335

clik, i wrote the whole explanation and lost it. tonight i will answer you . v

To: CLK who wrote (1424)	1/29/1998 7:23:00 PM
From: virginijus poshkus	Respond to of 3335

Clk, i don't know if this is correct but here it goes. if you open a contract for future delivery of a commodity that is considered open interest. if speculators sell you the contract and they do not have physical metal, they are liable for delivery. if the metal starts to go up the specualtor buys driving the metal up. this is good short hand but when the spec buying stops and there are no commercial buys or anymore speculator short covering , demand decreases and the prices decreases as selling occurs. now the open interest buyer takes deliver from speculator and the contract is closed. therefore the open interest decreases. there is more to it than this. let me get back to you on the rest. vargas