Value Microcaps Junior Miners

[silver100]

I guess the difference here is that i don't put a whole lot of stock into those apples or oranges when there is some meat laying around.

And for me the meat is the actual physical market, and not how people trade a bunch of pieces of paper instead of the real thing.

I highly suggest you read this other short essay, also posted today at GoldSeek, by Rob Kirby. http://news.goldseek.com/GoldSeek/1255111200.php

Sorry to mix up the OI number with the net short number earlier, but if you go to the Hamilton essay i linked to earlier you will find the numbers you are looking for. Here is that paragraph:

"In late 2005, commercial net shorts surged to their 5th major record of this bull. Yet right then gold had just launched a powerful rally that would take it from around $475 to $700. Similarly in late 2007 commercial net shorts surged to another record, pushing what was then an unbelievable 250k contracts. Yet gold still managed to rally strongly from around $825 to $1000 right out of that commercial net-short record."