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porter

01/11/03 4:17 PM

#63794 RE: basserdan #63780

<Hi porter>
Hi Dan

<I think I would like to respond to your convoluted message, but I'm having some trouble understanding the gist of it.>

Russell wrote:...the Commercials have taken a huge short position against gold.

Do you follow the "Commercials"? I assume you do.

<Would it be possible for you to provide a translation that us lay threadster's can more easily understand?>

"Commercials" build their positions slooooowly and always have "right of way."

<I get the definite impression that you are, indeed, saying something worthwhile and I would like to be able to grasp the significance of your insights.>

What's your exit strategy? Russell is hoping it bases here. Zeev will trade it because that's the way you make money in a Bear market. I say leave the next 10% on the table. A plateau of distribution in the gold stocks is coming. Then a correction. And then we revisit it again.

<In all due respect, I AM being serious about this.>

So am I.

Cheers.