To:John Barendrecht who wrote (288) From: Gary Monday, Jul 7, 1997 8:37 PM Respond to of 80032
P.E.I.'s forcast as of about one month ago was a low for gold the week of July 15th. They said it could go lower in the event it went below $320.00 ( which it now has) and there was a MONTH END CLOSING price below $334.00. If they are considered good forcasters ( and so far their prediction looks interesting) we could have a good indication at the end of the month. Gary
To:John Barendrecht who wrote (286) From: Dale Schwartzenhauer Monday, Jul 7, 1997 9:44 PM Respond to of 80032
Great thread folks! Where do you find all this information? :)
To:Dale Schwartzenhauer who wrote (293) From: John Barendrecht Monday, Jul 7, 1997 10:08 PM Respond to of 80032
COMMENTS OF THE DAY: Commodities, including precious metals, were sharply lower on Monday. Gold briefly hit $313.50 per troy ounce around 9:30 a.m. EDT, its lowest level since July 1985, then recovered partially to end the day around $318. One-month lease rates for gold rose sharply as the entire decline is being caused by a fresh round of speculator short selling. The current net speculator short position is an all-time record, while the commercial long position is also a record. Since one must be a Martian to be bullish, the commercials must all be Martians. (Maybe the speculators are from Venus.) The speculators must eventually cover their short positions, which will of course cause an enormous rally. This is a daily link - read the rest at: http://www.geocities.com/WallStreet/4915/index.html
To:Gary who wrote (292) From: John Barendrecht Monday, Jul 7, 1997 10:20 PM Respond to of 80032
Market Data 
Markets 
AI
