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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: pater tenebrarum who wrote (55029)	6/23/2000 2:44:00 PM
From: Rarebird	Read Replies (1) of 116760

Heinz, Obviously the commercials don't stubbornly short at 290 every time. Sometimes they sell short at 320; sometimes at 400; sometimes as low as 280. We have no choice but to adjust. It's like sailing; you can't curse at the wind like some gold bugs do; you have to tack with it. The question is not why the commercials are shorting, since we can never really know that; the only question is what your proper investment or trading action should be. As for the U.S. dollar, it was in a sharp downtrend for a few weeks so it is normal for it to make a recovery attempt. That's headed much lower IMO.

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