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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: RagTimeBand who wrote (15904)	8/14/1998 12:32:00 PM
From: Lucky Lady	Read Replies (1) \| Respond to of 116814

Emory, you can't eat gold!

To: RagTimeBand who wrote (15904)	8/14/1998 5:11:00 PM
From: Alex	Read Replies (1) \| Respond to of 116814

As of August 11, 1998, released at 3:30 p.m. on August 14, 1998, the commitments for COMEX gold futures show commercial insiders long 129,913, short 65,851; speculators long 9,059, short 68,769. The average historic ratio for commercials is 2:3 long to short; for speculators, 2:1 long to short. This has improved strongly from the readings from two weeks earlier, and are now at an all-time record, and clearly EXTREMELY BULLISH. A continued recent surge in open interest suggests strongly that commercials have continued to buy gold heavily since the commitments were tabulated, creating an even more lopsided commercial net long position in COMEX gold futures. investor1.com