AI
Monday, September 01, 2003 6:01:57 PM
*** Gold and Silver COT #'s ***
Hi ml,
As you can see, I wouldn't be far off if I just repeated my COT comments from last week.
Obviously, the "Battle of the Titans" doth continueth.....
Two differences this week are that both sides have increased their forces to record high numbers and the good guys (us <gg>) have managed to advance well into the heart of the 'smart money' commercial short's reputed heavily fortified defensive zone.
I'm amazed that the bullish small speculators (yellow line) have managed to keep their powder so dry for so long. They're prolly tired of buying the breakouts that fail to follow through. It'll prolly be time to 'lighten up' some of our holdings when they begin to appear en masse with their muskets at the ready. <VBG>
Btw, I don't have the exact figure handy, but the OI is now solidly in the 260K's after Wednesday's number jumped by an amazing 18,739 contracts. While there is no way to tell until next Friday, this may signal that the small specs are once again offering themselves up as the cannonfodder to get "US" over the hump.
I would characterize the silver COT #'s as being a bit more friendly to the bullsh side of the puzzle......
As always, any comments are appreciated.
Good luck, my friend.
Hi ml,
As you can see, I wouldn't be far off if I just repeated my COT comments from last week.
Obviously, the "Battle of the Titans" doth continueth.....
Two differences this week are that both sides have increased their forces to record high numbers and the good guys (us <gg>) have managed to advance well into the heart of the 'smart money' commercial short's reputed heavily fortified defensive zone.
I'm amazed that the bullish small speculators (yellow line) have managed to keep their powder so dry for so long. They're prolly tired of buying the breakouts that fail to follow through. It'll prolly be time to 'lighten up' some of our holdings when they begin to appear en masse with their muskets at the ready. <VBG>
Btw, I don't have the exact figure handy, but the OI is now solidly in the 260K's after Wednesday's number jumped by an amazing 18,739 contracts. While there is no way to tell until next Friday, this may signal that the small specs are once again offering themselves up as the cannonfodder to get "US" over the hump.
I would characterize the silver COT #'s as being a bit more friendly to the bullsh side of the puzzle......
As always, any comments are appreciated.
Good luck, my friend.
Dan 
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