SI
SI
discoversearch

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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patron_anejo_por_favor who wrote (101015)5/9/2001 4:52:50 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
well, i see it this way: most of the gold lending over the past years has a pain threshold of $290...go above that, and the carry trade smarts BAD.
however, they'll be full of hubris...they'll think, 'oh well, we've survived the '99 jump to over 330 without even a flesh wound,and when we went whining to the CBs, supplies immediately flowed again, etc.'
so they won't cover at 290...or 300...or 310...but eventually, they will. too many are sitting on the same side of this trade in the belief that supply is unending...i think their covering will bring about wave 3 of 3 in the PoG itself.

but first we'll have to arduously and slowly get to that point...i'm expecting lots of pullbacks along the way...if it is the real McCoy that is. in that case it should continue to be emotionally extremely difficult to stay the course - but then, there'll be days like today aplenty too.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News