Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: accountclosed who wrote (889)	12/20/1998 10:31:00 PM
From: ahhaha	Read Replies (1) of 3558

By strong I mean intense, not wide. There isn't high activity. The intensity doesn't persist. There is sufficient nearby supply to maintain price equilibrium when the intense demand hits. When the mood changes, the suppliers won't book as much above and will pull orders to sell above out. In contrast, the book is extremely thin below. Who wants to buy gold stocks if they move down? Without buy orders below the market price can't persist down ceteris paribus. There is a net effect of the persistence of this recurring intensity state. It is that shares are removed from weak hands and put into strong hands. Under a psychological change, the above mentioned potential overhead supply removal has a more dynamic effect, for it is the weak handed that currently continue to supply above that tempers the bursts of intensity. The evidence is seen in persistence of the inelastic state of marginal demand adjusted for intensity and normalized to the gauged activity. The big players are totally convinced like the minnows that the FED has solved the monetary problem. This comes from Pavlov price training and an extended tradition. Like many times in the past the mood won't change until the problems are in their faces.

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