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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (2124)12/17/2002 10:21:14 AM
From: 4figureau   of 5423
 
April Gold High: 344.00

From Russell:

>>It seems to me that gold acts as follows -- the big short interest in gold waits and waits for some weakness, but as the session wears on and weakness doesn't materialize the shorts grow fearful and cover. They're short against the primary trend of gold. Gold now moving out of a huge weekly triangle. Shorts should be trapped, and hedged gold shares will have to cover -- and fast.<<
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