Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 87.56

-4.9%

Nov 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TATRADER who wrote (65025)	3/7/2001 2:55:13 PM
From: goldsheet	Read Replies (2) of 116752

> XAU has posted 5 higher lows off the break day Overall, I have been pleased by XAU performance, but (unfortunately) 50-55 is starting to look more like a new trading range than a new base to move up from. > Note the 1 month lease rates are over 4 percent, another sign that we go up from here... I did not get excited when lease rates ran up at the end of February, and said gold would not get over $270. When lease rates hit 4.6875% on Feb 27, all the short covering only took us to $267.40, then the lease rates went back under 2%. Lease rates at back over 4%, gold is back under $260, and we will need a bigger short covering rally than the last time to move up, not to mention the short postion is now smaller. kitco.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next