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

To: John Hunt who wrote (29100)	2/26/1999 6:04:00 PM
From: John Hunt	Respond to of 116759

Kaplan - COT Now Extremely Bullish For Gold << As of February 23, 1999, released at 3:30 p.m. on February 26, 1999, the commitments for COMEX gold futures show commercial insiders long 136,697, short 64,885; speculators long 8,938, short 79,003. This represents a substantial improvement over the past two weeks. The average historic ratio for commercials is 2:3 long to short; for speculators, 2:1 long to short. These numbers are close to an all-time record, and can only be described as astonishingly lopsided. Commercials have intensified their accumulation as speculators continue to pile on the short side, the classic definition of a market poised for a strong, sharp upward move in the near future. Any rally will trigger a series of buy stops, thus intensifying both its magnitude and duration. The action over the past two weeks is especially significant since the gold price showed almost no net change during that time span, indicating that commercials are buying not only on dips but in a flat market, in the belief that the absolute price is not going to remain low for very long. This indicator has improved to EXTREMELY BULLISH. >> goldminingoutlook.com