UNICO INCORPORATED (AZ) (fka UNCO)

[silver_bars]

14 Jan 2007 - COMEX Large Commercial Traders Dump Short Gold Positions...

http://www.resourceinvestor.com/pebble.asp?relid=28036

Tuesday’s LCNS plunged to the lowest mark since October 24, 2006 (80,509) when gold was trading in the $580s and staging for its run back on up to the $650s. The next previous plunge in LCNS over 20% occurred on August 30, 2005 on the heels of Hurricane Katrina when the LCNS dropped over 54,000 contracts (-28%). Gold was trading then in the $430s at the beginning of the last major up leg of the Great Gold Bull. Gold peaked eight months later near $730.

Since very large drops in the LCNS usually precede significant advances in the gold price this indicator jumps back onto the bullish side of the gold market indicator ledger.