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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Bishop who wrote (18297)4/27/1999 8:37:00 PM
From: Phos  Read Replies (1) | Respond to of 34075
 
Starting to think the off-pink timing may be apropos (assuming it is coming). Commercial interest in gold has been growing for 3 weeks now. GATA has hired their law firm for anti-trust action on the gold shorts - might slow them down a bit. Got a good feeling about gold - sure hope it is right.

From Steve Kaplan's site:

Tuesday's COMEX gold estimated volume was a moderate 35,000 lots. Total COMEX gold open interest on Monday surged 6,413 to 204,507 contracts, demonstrating that commercials are still accumulating strongly on dips (gold dropped $2.30 on Monday), which is bullish. Total open interest above 200,000 is the classic point from which strong gold rallies usually occur (or strong collapses, if commercials are heavily net short).